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sucks man.
i have a few investments that got rocked this year but still are covered because they are rented out, worst is 380k (phase I priced) to 215k with comps in the area dropping at 200-240k. even with values being somewhat okay the problems outside of the loans such as vacant tracts and crime have really hurt
i put down a good amount also because most were non-owner occ investments...
zillow kinda sucks for values and i noticed your in SD, might want to check out Trulia to see what is going on in your area, another very trusted source is socalmls.com to see non speculative values and actual prices in the area
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