Downturn in Chinese Market Impacting Thoughts of Investing on RE?

[Ana Marie B.]

Hi All - My husband and I are in the beginning phases of closing on our 2nd rental property in Seattle (Lynnwood 19 miles north to be exact).  Pretty stoked about this.  However, we're getting a bit worried due to all the reports about the Chinese stock market woes and the ripple effects this may have on other markets and the world in general. 

My question is, should we pull out of this negotiation at the inspection phase and wait for the market to improve?  We don't want to complete this transaction and then get smacked with another major economic downturn.  What are your thoughts?  

Thanks in advance.