In reality, no one knows (and I certainly don't), but the data doesn't point to any looming crashes.Here's a great snapshot comparing the market today to the last bubble:Comparing the Last Denver Bubble to Today2002-20062012-2016Homes for Sale at EOY (End of Year)5 year average of 22,2585 year average of 5,726Average Months of Inventory6.1 months1.8 monthsNew Homes BuiltTotal of all 5 years 93,000Total of all 5 years 30,000Cumulate Job Growth85,892180,708Net Migration to Denver24,000190,000Homes Built : Migration3.9 homes / 1 person0.2 homes / 1 personResultBubble + correction due to too much inventory and loose lendingScarce inventory drives price increasesData Source: Lonie Glessner at NOVA Home Loans

Seems like once you factor in vacancy costs (albeit you may not be running a high vacancy rate in NOVA), maintenance, any turnover costs, liability (holding this in an LLC, management company, etc.., those also have some level of fees to maintain), and management (even if you're self managing, do you want to be making a return on your time?). 

@Josh Stoddard I am not in NOVA (I am outside of Richmond, VA), but I just wanted to say that I love that you are putting yourself out there to help others while also learning for yourself.

In 1987 she made a decision to relocate to the NOVA area to pursue her Real Estate career and to achieve a better quality of life.

I attended this meetup last night in Tyson's and was disappointed to find out it was a 2+ hour video pitch for Phil Grove's training program. I have nothing against the presenter or the training program (I'm sure it's...

The supply of multifamily in the NOVA is extremely limited. 

NoVa is not the place you want to look for from buy and hold perspective.

@Drew Taylor Welcome to BP - I am in a very similar situation as you, minus any REI experience to this point (I have been recently motivated to get into REI as I have been sitting on the sidelines for too long and have always had an interest there).There is a NOVA meetup organized by @Charles Huang every other Saturday at the Wegmen's in Fairfax (https://www.biggerpockets.com/forums/521-events-an...).  

Does being a licensed agent in nova affect how I can screen my potential roommates?

If I was intent on buying right now I’d have three criteria (one of which is gonna be extremely hard to find in nova and hard but maybe slightly easier in dc, pg and parts of moco) 1.