Mortgage refinance rates, are also low, with the average 30-year fixed refinance rate at 3.64 percent.Low refinance rates have triggered a wave in applications.

People keep moving here and the markets all along the front range are riding a strong appreciation wave ~6% per year for the last ~50 years!

If they have been there long term and haven't made waves, let it ride.

It has resulted in a wave of traffic on Zillow.

You never know the sellers motivation, what I have found is sellers are not educated enough on owner finance (especially if they have a loan on it) and the idea of it throws them off  Thanks, Elliott. 

I see this condo as a blessing because by buying it under market value and now seen a huge wave of appreciation recently, I have a sizable HELOC that helps my buy more properties out of state.

I've seen a wave hitting a third floor during a storm.

I expect the lawsuit tidal wave to begin soon. 

Whereas your rentals will be riding the inflation wave and should help keep your income up in the future.  

This will be a price of cake for you, make sure you learn as much as possible from fear  Once again Elliott beat me to it ;) after awhile buying a house is like checking out at the store, but at first it is scary and that is okay.