If you're patient, the market will soften and you can flex your cash offer against multiple sellers desperate for a contract.

I live in a market with a ton of new construction and expect when the market softens builders may offer stealer deals to offload inventory and pay 5-8% realtor commission that may make new construction a decent option (it this scenario happens).

But in San Jose it’s “softening”.

But currently yes the markets have started to soften.

I second the use of Bounce fabric softener sheets and the ultrasonic repellant devices. 

I have been investing in Real Estate since 1997.I have went through a few downturns even before the 2008 crash, such as the Tech Crash of 2001 where NASDAQ lost 66% of it value.My properties are in NYC, Brooklyn specifically.I tend to be a very detailed oriented researcher into the area of Investment that I am studying.Prior to purchasing my RE Investments, I learned the RE Business Cycle so that I can soften a blow from a downturn as much as possible.

The water cooler discussion has moved online.Also, when rental markets soften, the move-in specials increase.

But have you heard of rents crashing, not softening but CRASHING something like rents were $1000 but due to market conditions they are now $500.

If its the latter,   The building has great location and potential,  but they may be in trouble if things soften up.  

Far before you start getting true water leaks into your living space your roof sheathing will be softening and rotting.