Inventory is definitely tightening in our market, especially around Severna Park, but there are plenty of neighborhoods to still find good cashflow real estate.  

Assuming W2 income (I know not correct) and single family home.When you have enough for a downpayment and closing costs + another 10,000 as reserves.Free cash flow from your main source of income (minus loving expenses) where you could cover PITI with a marginal degree of belt tightening.

At least this is what we saw in the last monetary tightening in 2019.I do follow the big macro economic trends and thoughts of many influential speakers but I only view them in broader terms of market perspective and context and have learned better than to try to time the markets. 

However, during these times many larger banks are really tightening up there lending so you may have a hard time getting what you might get by going with a broker.

As a Service Plumber I do a lot of these inspections yearly for landlords, on the plumbing side of course.Just a quick note on plumbing.If you are going to take the time to go through the house, take the time to tighten the stops.For those who don't know what a stop is.

@Matthew WrightMSB was the "go to" lender for this type of stuff but I think they've taken some big hits in the past few years so they've tightened their requirements a bit.

The hard money lender I use just tightened up to 80% LTC on purchase and acquisition, and I would still use them in the right circumstances. 

This is also cause to tighten up the lease as I believe there is a hole in it and needs to be plugged to address situations like this.

May tighten cash flow for the first 5 years but buy and hold is the long term game.

Less tax revenue means tightening of the budget at the State level which means less employment at the state level.