I'm looking in the Kansas City market, and it does seem like the market is tightening.

In addition, overseeing it ourselves, we catch other things PMs and tenants don't pay attention to, like loose pickets on fences or porch railings, sills starting to rot that need a coat of paint, caulking around tubs and sinks, tightening loose handles on sliding glass doors, etc. 

Our medical system could get VERY strained. 

I do worry about the strain this will put on our already challenged infrastructure from transportation to schooling but I’m confident that we can work through it.

What if lenders (investor-driven) tighten up their guidelines due to uncertain circumstances?

Each jurisdiction may have its own nuances, so consulting with a local tax advisor or attorney is paramount.Financial Strain: Real estate investments, especially when starting, can strain your finances.

In relation to your son going off to college, both my boys are pre-school age so making a move now does not require much strain in the changing schools and making new friends aspect.

Although, as the Fed begins to tighten monetary policy, I do think housing will cool off and even dip a bit.  

Lending is tightening up all of the country.

@Patrick Strain I would just start calling around to local banks and national banks with local branches.