Yes cap rates will fluctuate during economic downturns, but I believe it's still different than a traditional comp.Third, if you have some experience when the market downturns, banks and others may be happier to lend to you when everyone else is running away.

@Alexander PerskyThere's a few disadvantages to 0% down:1) No equity in the property to allow for market fluctuations.2) If you are using a bank, you'll be paying PMI which now has a required carrying period.3) Interest rate will be higher.4) Monthly payment will be higher so harder to cashflow.There's lots of great reasons to do this sort of financing.

Strong local economies, job growth, working class demographics, where there isn't alot of fluctuation in appreciation, and there is a growing population of people who want and/or need to rent. 

If you haven't checked it out you should.With that said, the news fluctuates so I wouldn't read anything into one month. 

Here's a post to help guide you further:https://www.biggerpockets.com/member-blogs/10850/81214-what-goes-up-must-come-down-or-market-cycles-fluctuation

If you purchase a property in a good location that you can keep fully occupied, and have a fixed interest rate, you can survive the fluctuations in value.

The number of corporate leases has fluctuated, but by the end of June we will have 5 corporate leases.

Even when appreciation occurs without updates it's typically more subject to market fluctuations than forced appreciation.

They have very fair market rates and adjust for month to Month fluctuations. www.rentometer.com Hope that helps.

Judging from an agent in El Paso, is that an average trend in the market or does it fluctuate?