@Eric Healy - the market here in Seattle dropped sharply in the Summer of 2018, but has recovered its footing since then.

Finding dog poop in the closet made the decision to convert pretty easy. 5) We furnish our places by budgeting 7-months to recover the costs to furnish & stock them.

You paid $5k originally, recovered $2k of it through depreciation deduction and recovered the remaining $3k when you sold it.

Then use her deposit to cover the rent for the time it was vacant, and if it's not enough, sue her in small claims IF you think you can recover from her. 

Prices in the 20s made such a run up that in some cases land prices did not recover to their peak values until the 90s.

I went upside down on my house the year after I bought it, because I bought it at the peak of 2007 and in 2008 the market crashed and it never recovered.

I am a recovering addict from the frequent flyer miles and points game, but I am sure REI will keep me plenty busy!

Quote from @Melissa Hasson: Anheiser Busch stock already recovered and is higher than this time last year.Ha.

I don't focus on the residential market but have friends that do.Used to when the markets where just recovering the first time home buyer houses they could make 30k on resale.Now with all these shows on TV like the last cycle you have heard's jumping in and overpaying for properties with big dollar signs in their eyes.

Pittsburgh with it's tech influx, spearheaded by a very proactive Mayor is attracting big business and a recovering economy.