No pattern of previous flipping exists for the same property within a 12-month time frame 4.

Recently in our area, reality seems to have finally sunk in.The economic realities have begun to cause rental owners to really react and aggressively cut prices on their units.No new jobs, layoffs, less income, people leaving the area.Both SFR and multi-family are affected and those with no mortgage or lower runtime cost structures have more flexibility with their pricing and are able to find tenants, though no where near the quality of yesteryear.Previous to this year, rents had remained fairly stable maybe down 5-10% but nothing compared to the 20% we are beginning to see now as desperate owners are realizing that they may lose their investments if they do not find tenants.The lower quality tenants actually have their pick of units now versus unable to find anything.As far as investing in new properties, it is a dangerous game if not backed by cash reserves, today's "low-money-down" owner is tomorrow's foreclosure.We see nothing on the horizon to change this pattern, rents will seemingly continue to drop and day-to-day management will continue to take more time and effort due to the lower quality.

Assuming that pattern continues, wouldn't you say that's a significant cyclical milestone to keep an eye out for?

There is a definite pattern here.

Down the road, once I have built some wealth with my rentals, I'd like to study economic trends such as employment to decipher some patterns in economic growth. 

The down payments came from a mixture of personal savings and a private loan from my mother-in-law.In 2016 we might be moving and selling our personal home so until we do that I might be in a holding pattern for any new purchases until after we sell our home.

. $600M is a lot of money, but it's not an earth-shatteringly high number.I'm also curious about the number of people they expect to hire from outside the area versus within the area, and what effect that will have on the growth patterns.

Both were given money from the relatives.It just seems to be a pattern of non pay that's hard to break in this scenario.In our market judicial has the 6 month redemption rights but the winner at the sherrif sale can move for eviction post sale immediately do not have to let the old owners squat.

@Zach SchwarzmillerOne flooring choice for bathrooms and laundry not mentioned here is linoleum {I am referring to real linoleum here and not the incorrect use of the noun in reference to sheet vinyl}It's available in a variety of colours/patterns, is organic and naturally anti-bacterial, and lasts well.

No requests yet of my bank, paypal, etc. information, but they insist on the urgency of their situation.Anything here looking like a pattern to avoid?