I am holding off until I see what the market does. In a correction, sometimes good deals hit the market because Owner's can't hold on, as they bought too high and rents are declining. I always look for buy low, sell high strategies. I would hold off for now and continue watching things. Additionally most markets on the West coast do not cash flow. You would likely be riding the market for appreciation only in Los Angeles; the same is true for us here in Seattle. The cash flowing markets are mostly in the Midwest and the South. There's some possibility for deals there, but with the uncertainty ahead, and unfamiliarity with those markets, I wouldn't recommend at this time. Patience is a virtue. Know when to wait it out in the wings and know when to pounce.
