great points Joe.. i think Frank is just a little late to understanding how big and how much business is done in the turn key space.. that model is market makers if it was not for turnkey throughout the US those markets would never have rebounded as they have.. you bring in out of area investors many times with cash and they have the financial ability to carry these properties.. if they were all great deals there in the mid west or rust belt then it would be like the west coast were we dont really import buyers at all..

One mode of thinking is that the cheaper rentals suffer less from a downturn, since "they gotta live somewhere" and some renters from the higher end units will move down until the economy rebounds. 

If they decide rebuild the base then it is a good bet things will rebound.

There are probably a small handful of places you could find these type of economics (pure cash flow and little to no appreciation potential unless the cities really rebound) = Detroit and St.

We had completed 4 management acquisitions in Metro Atlanta and paused three years ago as the market rebounded because every management company's portfolio began to shrink due to accidental owner portions choosing to sell their rentals as housing prices rose. 

Sick life for Annie to rebound from screwing tons and tons of people and become an "expert" in something she can't do on her own.

Hopefully that value keeps rebounding and you can utilize that growing equity sooner rather than later.

I know it was depressed along with everything else in 2008 but has since re-bounded well.

it really depends on what area of the country your in.. some areas have not rebounded near as well as others in the country.. 

The company I work for only requires the bankruptcy to be 6 months prior to get a loan, the interest rate will be higher and could cost more points depending on how good your credit has rebounded.