These are cash flow zones and this is the time to buy within them.I believe that Indianapolis is going to continue to grow slowly for a while and then spike in 4 or 5 years and can't imagine similar changes following suit on surrounding major cities.There's my two cents.

And regulators get involved when things like missed payments spike.

Which is causing the huge price spikes in most markets.  

Core Inflation is already down , although it may spike up again due to oil 3.

@Ryan Hasan, I'm in the middle of buying my first house and my first BRRRR is going to follow shortly on its heels.

In my market of Columbus alone, rent rates have rose over 10 percent over the last year and missing out on that necessary spike with the increased price in property value would be unfavorable. 

At that time, it was a huge spike in malls and shopping centers.

I am in lubbock, and i can tell you duplexes and quads are in high demand, there ihas been a recent spike in demand for higher end rentals here in town, renting from 1400 to 1700, which is the top of the market here. 

or will there be issues where interest rates spike/property values go down and it makes it tough to refinance 5 year interest only loans.It seems to me the biggest advantage of real estate is that it is a natural hedge against inflation. 

It's likely that the they spiked the prices during Super Bowl weekend, but I would agree with you about the STR's here being inflated.