They're volatile, unpredictable and can easily be regulated out of existence. 

This unpredictability makes it almost impossible to achieve true financial freedom.In conclusion, while the term "financial freedom" may be a popular catchphrase, it is an oxymoron as true financial freedom is almost impossible to achieve.

Life happens, and in unpredictable ways.

When I leave and where I go is highly unpredictable.

I rarely cancel contracts (mostly because I do pretty solid due diligence before I even make an offer), but I have had a couple instances where I had to cancel contracts--once when my post-contract due diligence discovered serious problems that the seller hadn't disclosed, and another time when a totally unpredictable event significantly changed the value of the property while the property was under contract.

HOAs are unpredictable these days and can require up to 25-30% down payment when financing.

Go for LTR, and build a solid portfolio of them, STR can be unpredictable, you might not have the occupancy rate you expect...

Your strategy of investing in properties for long-term hold and waiting for more favorable refinancing rates is prudent, especially in an unpredictable market.Like you, many investors are exploring alternative methods to maintain and expand their portfolios.

Investing in RE has nothing to do with the physical structure of the property....it's a by-product of the human element...and humans are unpredictable.

Credit Unions can be more unpredictable than larger lenders, however right now there certainly shouldn't be any delay in underwriting since so few sales are going through.