Once the dust starts to settle with the prolonged loss of revenue, drop in stock market valuations, rate fluctuations etc., I think we will start to see the real damage that will likely take years to rebuild from. 

It also carries increased risk due to greater fluctuations in market values, rental rates, and rental demand.They use leverage on cash flow plays to juice the returns and because many of those cash flow plays carry very little risk at modest to high leverage levels.To each their own though...lots of ways to make money in REI.

Marking fluctuations don’t impact yoU as much if you are buying and selling at the same time. 

Boston is a coastal city that will likely fluctuate quite a bit.

Lock in a 30 year fixed rate so you are not subject to future interest rate fluctuations. 

Prices will fluctuate, but you don't gain or lose until you sell, just like the stock market. 

So $500/month for all MX/CAPEX, but by doing that I get a consistent income each month instead of it fluctuating when an A/C unit goes out, because that money is already there.I hope some of that helps as a comparison to see what another small multi-family investor is experiencing in Phoenix in a similar neighborhood.

Ergo, the vacancy rates fluctuate wildly.

Animals are highly tuned in to any changes beyond those natural fluctuations, which can signal big changes in the weather.

Given that it appears to be near peak for this time period, I would recommend that anybody looking to invest here have the reserves and nerve to weather some fluctuation in the near term.