Rates (and inflation) stay high unless we hit a recession.

Also FED has little to no control over 10yr, which is just the projected 10 year real GDP (2.5-2.75% today) plus the projected 10 yr inflation rate (2-2.5%) currently, and of course Cap Rates are typically 150-175 bips above that with a 9-12 month lag.Many smart economists like Dr Steve Hanke and John Greenwood at Johns Hopkins take the opposite position that 10 yr is going down big time soon, due to M2 money supply contraction of 3.5% over last 2 years, M2 has only contracted 4 times since 1913, and every time there has been a proportional recession. 

Like before the great recession.. last 15 years was very abnormal.2.

Even in the midst of a global pandemic and national recession, we are seeing days on market go lower and prices go higher.

For someone that's not as conservative, or a different view on the next recession, they might have a different opinion than me on all of this2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

I bought my properties towards the end of the Great Recession which Jackson was slow to recover from.

I'm guessing after logging died down they had a steep decline but seems to be on the upswing now... low cost of living and good recession-proof jobs due to the Air Force, Sky Lakes Medical Center and Oregon Tech...

 This is the same person that said STRs are recession proof right?

That is as we were entering the Great Recession.  

I lost everything in 2008 during the recession.  13 homes all in the suburbs including my personal home in Royal Oak.