Holding patterns suck when you are rapidly increasing your knowledge and the housing market here is rebounding but not on fire.

Washington has no state tax so it seems that it would be another advantage to investing in state, though sales tax is high here for any costs involved in rehabbing, etc.Nicholas Quinn, I expect this whole region is going to rebound/appreciate well.

Anybody else from KC feeling like the market is really rebounding?

I sell for $5,000 over (hopefully more if market rebounds) I walk away with quite a bit a change.Potential drawbacks I see are that these buildings are in an area that is not the greatest and the tenants would probably not be the best.

When the market rebounds the property will be worth $35 K bu that may take some time.

I'm leery of spending a lot to build on it, though, as I don't see this area appreciating in value much more than just as the economy itself rebounds.

Our goals as a company are to branch out into Rehabbing and Flipping Apartment Buildeings, New Home Construction (once the economy rebounds), 1031 Exchanges, REO brokering, etc.I am wondering if this forum has any information on people selling mortgage notes?

Some markets are going to rebound sooner than others.

Flipping in example above, buying at great prices and holding until the market rebounds, buying out of state.

Only then will you see the economy rebound.