I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

Restoration kept historically accurate items.Next the tenant said that the tub stank so much that they can not use it. 

Historically I have focused on the south and western sides of the W-S market.

The circumstances were shaped by a historic event.

Historically, stocks have offered better returns than real estate investments.

Historical data, new developmental attractions, business relocation, local policy, etc.

Homeowner's fixing up a historical property for themselves to live in "renovate".

Rising interest rates have hurt everyone’s buying power (except cash buyers obviously), and inventory is locked up because nobody wants to move and give up their historically-low interest rate.

With patience, they will eventually have positive cash flow and historically the appreciation whoops the cash flow.  

@Robert MendenhallWhat I would recommend is getting data on the historical appreciation over that are over the last 30-40 years and also look at taking out the last five years as that was an anomaly due to intervention.