I tend to agree that we'll have a few more good years although I do think raising interest rates will cause an increase in cap rates and a correlated decrease in value.

There is one new multifamily complex (The Nolen) that I know of that is still in lease-up, but I'm wondering if anyone has any insights or opinions on what they think the local area is like: are people moving in to downtown Clearwater area, companies moving in or out/number of jobs increasing or decreasing, etc.Any insight would be tremendously helpful.Ben

Housing inventory decreased 0.2 months from March 2017 to 2.2 months.

However, you won't see 50% decreases in rent like you would sales prices.

I'm really curious how others relying on this strategy hedge their bets to decrease their exposure.

Depreciation decreases your basis. 

I have seen numerous Zillow estimates that have dropped 10%-20% after being listed. I am assuming the Zillow algorithm uses list price to factor its Zestimate, but I am wondering if the pre-drop price could still be u...

The last thing you want to have to deal with is spending money to improve the overall value of the property, and then minor aesthetics and details are missed, which add up; ex. painted over light switch plate covers, or stairwell railings which have been painted over several times and never correctly sanded down, etc - gives it a look like it hasn't been done correctly and can decrease the value of the place.

@Ian Viray Check your Condo/ Coop Fees, they could decrease cash flow.

It seems that the population did decrease slightly in the past few years and there are about 15.5% vacant housing units.