top of the Tampa market strategy

[Amber Stout]

Hey all BP's! 

I am new to the real estate game and am committed to purchasing 2 properties this year. I have been analyzing deal after deal in the Tampa market for buy and holds. While I have come across a couple properties that meet the $100 per door cash flow criteria, my concern is over paying for the property being that we're at the top of the market. 

Let's say I purchase the property now and the market starts to go down immediately after (I do realize this will be a slow descend). What are some problems that I may run into? What are some strategies that may best prepare me for something like that?

Any feedback, I would greatly appreciate! 

To give some value - I recently got to meet Rick Melero and some of his team members from HIS Capital Group based out of Orlando. I highly suggest following them if you want some really great content, inspiration, or want to understand the economic cycles better.