Many of us market to the same lists - absentee out-of-state, etc. and I think sometimes we have a herd mentality.

My thought is if you are just starting at the top end of a cycle with limited knowledge and experience that can be a dangerous way to go ESPECIALLY if you view the investment as a springing platform to more properties or to live off of the cash flow.In the last downturn start of 2007 -2009 the herds were the ones who jumped in not knowing much about cycles.

If you following the herd then you would not develop your skill as investor.