Here is the latest from Marcus and Millichap (multi family) for 2017.National Multifamily Index (NMI) Several markets with favorable supply-and-demand balances and momentum in hiring made large moves to ascend to the top spots in the 2017 National Multifamily Index (NMI).Los Angeles advanced 11 places in the Index from one year ago to take the highest position in 2017 behind a forecast for further tightening in vacancy and minimal supply growth.

It's flat in terms of growth, volume decreases in actual production volume BUT the inflation creates ascending prices that keeps overall economic numbers flat or minimal increase. 

More than a few seasoned investors have supplied a few starting pegs for any strategy; viz:(1) always list Highest and Best on the offer - it's assumed only about 5% of competitive bids will ascend victorious - "submit it and forget it"(2) always consider securing deals with an EMD to show the intent to close quickly;(3) always consider including clauses in contracts that the seller pays you for any outlays of time due to inabilities to close quicklyIt honestly depends on your strategy and personal goals.My bias comes from a strong need to be as efficient with time as possible.

Say there is NO recession, this is only possible via a STRONG economy AND a strong economy has liquidity and pressure forcing WAGE INFLATION, and with more income rents equally elevate given ascending affordability. 

It is a really difficult thing for people to see someone that is on their own level ascend above them in life.

Net income is distributed pro rata, and I have the option to buy additional shares in the property at an ascending cost of 5% per annum at a maximum rate of 10% of property per year (so in theory you own for eight years).

BP being generally a group of ascending investors debt is very important or necessary to scale etc. 

All of which, by the way, is AWESOME Sauce for Landlords, it's means rapidly ascending rental rates!

Fortunately I bought at the bottom of the market here and that forgiving market  along with the ascendance of Airbnb gave me time to learn what I was doing.Find some deals for yourself and make them cashflow.

Local banks might give you a better rate: in Nashville - Studio Bank, Pinnicale, Ascend Credit Union-- those might be some good options, other wise I'm sure Chase or Well's can do it.