Use a caretaker
We use Mary & Ed Edwards - safehomewatch.com to watch our place (they check it weekly and send an email every week) this summer (May-Sept) while we are gone. We no longer rent it, but did for 4 years. They became our caretakers during our last year of renting. They met the tenant and were available for problems/questions, also checked the place out when the tenant left and accounted for the keys/gdo's/gatepasses. We also used a cleaning person, who was very reliable.
I don't think the market will be jumping back up there that quickly if you decide to wait a year before buying. My bet would be that there would still be good buys.
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