For instance for me in downtown Chicago on the northside it is hard to find a good deal because there are just so many people looking for deals who range from the casual gawker to global investors.

Unless you are very strategic and know the markets ups-down in a global-macro economy level, I would say worst time to invest is tomorrow (because time is money).  

My friend I mentioned with 10 Memphis properties spoke about the area's job growth, its role as a major epicenter of global distribution, and 50%+ investor owned housing.

Fasten your seat belt honey, cause if tech, plus general USA economy keeps growing, and we have no major global crisis unfold, things are going to get interesting!

Now I could of ran off and bought 25K worth of Bazooka Joe bubble gum.

The next time Jason tries to speak anything in support of Global Warming - remember that he directly correlates the misinformation surrounding Global Warming to to the misinformation surrounding the start of the Iraq war.

I wouldn't touch real estate in California with a ten foot pole - crazy "global warming" regulations coming to destroy vast numbers of jobs, out of control and broke governments, and numerous greedy types wanting higher taxes and bizarre new regulations.

I operates with a global network of professionals whose local expertise ensures a successful real estate transaction.

Ask your lender about it, and if they dismiss or downplay it, you may be working with someone who isn't compliant-ready or prepared for this global change. 

Some lenders would let you refi if your global cash flow can support the debt but that requires income from multiple sources (w2 income, other rentals, etc).