Subject to Real Estate in Depreciating Cities
In the instance the market is soft you will have to be aware up front that acquiring a investment for subject to real estate investing will require some knowledge. You will not want to have to limit yourself to purchasing a property that you can live in. For example, that means you buy a house and live in it until you turn it. In such a market you will want to get ahead on other sellers. You will not likely be able to market it any higher than what the area can handle. Therefore, you need to acquire at a big discount to retain a decent profit if you are planning to do this the old way.
In this case buyers will start by looking into prices in the current locations. Given the current real estate markets and the number of motivated sellers, investors who are real estate investing are doing very well. No matter what you plan on doing, at the end of the day, you have to weigh your profits against the level of work that was involved getting the investment successfully turned. This is why creative avenues which include subject to real estate are much better
Of course be sure to educate yourself about sub2 financing properties and/or discuss with an experienced professional before you decide on any new real estate business and finance direction.