I have never (knock on wood) had any group of students severely damage or destroy a house, and if something happens (pretty sure a guy was drunk and fell in the shower damaging the knobs) they 'fess up to it pretty quickly. 

Funny I tried a flip in 1984, found a buyer, fell through, but would've made a quick $25K on it, splitting $50K profit with my realtor partner.

It has been under contract that fell through. 

As I recall, houses fell around 30+% around 2007 in LA and it took years to gain that equity back.

https://www.har.com/content/newsroom/Houston Real Estate Highlights in August:-Following a record-setting performance in July, single-family home sales held to positive territory again in August, rising 6.0 percent year-over-year with 9,195 units sold;-The Days on Market (DOM) figure for single-family homes lowered from 53 to 51 days;-Total property sales rose 7.3 percent with 11,121 units sold;-Total dollar volume jumped 13.4 percent to $3.5 billion;-The single-family home median price rose 7.6 percent to $269,000 – the second highest median price of all time;-The single-family home average price increased 7.8 percent to $334,256 – the second highest average price in history;-Single-family homes months of inventory registered a 2.8-months supply, down from 4.1 months last August and below the national inventory level of 3.1 months;-Townhome/condominium sales rose 1.3 percent, with the average price up 4.5 percent to $216,733 and the median price up 1.7 percent to $175,000;-Single-family home rentals dropped 13.3 percent with the average rent up 2.3 percent to $1,961;-Townhome/condominium leases fell 13.7 percent with the average rent up 1.0 percent to $1,654.

It fell off my radar until you mentioned it. 

I found a house that I fell in love with.

I never thought spending 80k-100k on a SFR in a C class neighborhood to cash flow $150 would be a good deal, but we've been looking since April and we still haven't been able to get a house under contract.After our last buy attempt fell through, we don't have any other houses in mind right now, so back to square one.

The reason is that my university has sent me there during that time and my previous meetings fell through.

That represents an increase of 3.8 percentTotal dollar volume for full-year 2018 soared 21.5 percent to $28 billion;December single-family home sales declined 4.1 percent year-over-year with 6,543 units sold;Total December property sales fell 4.6 percent to 7,709 units;Total dollar volume for December edged up 1.0 percent to $2.3 billion;At $240,000, the single-family home median price rose 3.4 percent to a December high;The single-family home average price climbed 4.7 percent to a December high of $306,314;Single-family homes months of inventory grew slightly to a 3.5-months supply;Townhome/condominium sales fell 7.8 percent, with the average price up 4.6 percent to $206,760 and the median price up 8.1 percent to $169,500;Leases of single-family homes shot up 13.2 percent with average rent unchanged at $1,771;Leases of townhomes/condominiums edged up 1.6 percent with average also unchanged at $1,532.