Hot Tampa Market, how to prepare for it to change

[Jon S.]

I  started buying my first two deals in Tampa, and was fortunate to do so during this current hot market, so in that sense I have been lucky to start this way, but also in need of some reality about other types of markets, and how to respond as markets change. Any advice about changing markets, how to prepare, how to protect, how to respond, would be appreciated. 

[Adrian Smude]

@Jon S. I think the question needs to be answered different,y depending what you are doing in real estate.  For me I'm a buy and hold, therefore if I buy right I shouldn't need to worry about the ups and downs of the real estate market.  I'm more focused if the neighborhoods my properties are in are changing, if they are going from B to C I will most likely have more problem tenants and may not be able to charge as much for rent.