I don't think it signals that the long-term outlook is bad, but probably more likely that their net yields have peaked.I think the biggest danger would be trying to invest in the markets they are in - would be tough to compete against them.

The “spending plan” has a more positive outlook than the dreadful “budget” word.The FIRE ratio = monthly passive income / monthly expensesSome people include their primary residence in the net worth calculation and others (accredited investors) do not.

I also appreciate the moderating advice from @Jonathan Twombly and @Charles Worth, reminding us that regardless of outlook, we must always buy right and consider leaner times.

Everyone has a different outlook on leverage, so it is definitely a personal decision on how you want to use it.

For me to BRRRR it over flipping it, it would have to have outstanding property appreciation and/or rent appreciation outlook.  

If you analyze a property with only a 1 year outlook you will miss out on all the other years you will own it.  

I agree that there's always deals  to be found if an investor is out looking for them in the areas that they live. 

As for outlook I like Tucson beacue it has a string rental base and the prices are more favorable to Phoenix.

It's in a tourist area so I knew that the shoppers would come out looking for something to remember their trip by.

One told me he just does 20% for variable expenses, which is a far cry from what my variable expenses usually come out looking like.In terms of focusing on deals that I would at least let me refi out as you mentioned in the last paragraph; yes, I've considered this.