-Fragmented local markets, in regard to supply and demand as well as appreciation and depreciation rates-Assumable and "subject to" loans-Demand and inventory fluctuations-Fed rates and Mortgage rates-Increased NODs-Softening rental rates-New loan programs -Seller's giving concessionsHow have you pivoted?

Yes I have 6 in the works right now, not in the same neighborhood and lower profits since the market is softening but always looking for more!

In lieu of the current economic volatility and softening of the real estate market. 

It seems they are softening a bit in most markets.I have 14-doors in Detroit and my wife and I have been discussing this same thing.

What I've noticed as 2022 is coming to an end is that the market is softening, from what we saw earlier this year. 

I say this because I believe there will be a softening of NOO demand as cashflow and total returns are challenged in 2023 and possibly beyond.  

Sounds like those realtors had a few overpriced listings that they found highly motivated, uninformed buyers for, in a potentially softening market and are blaming the appraisers for their issues.

With that being said the real estate market has begun to soften just like in most markets in the country.

Although, the market has softened somewhat for sellers due to higher interest rates and a soft recession which is in line with the RE market correction that typically occurs, I am not certain it is conducive for application of the BRRRR method and air bnb/short term rentals might be the play. 

When a rental market softens, higher cost properties are the first to require discounting.You may also want to check on 1031 rules.