In my personal opinion, I think the largest factors will be the state of the economy; primarily unemployment rates as well as GDP growth.

I still don't get the florida duplex with garages all one story. people need to learn to build 2 stories especially for economies of scale, drop the garages to force additional equity, etc. jay is right about Lehigh and the main thing is there's no net migrations.

A japanese company bought the refinery December 2015, the economy will come back when it opens for productiin and employment again.

Depending on how many properties you have with a bookkeeper, those prices go down with economies of scale.

Lose a job, economy struggles, tenants stop paying, etc. and you're in a very difficult spot.But hey, what do I know!

Buy where taxes are low on rental properties, populations are growing, economies are growing, and there are at least two of the following: Gov spend, Major healthcare, transportation hubs, universities, sports teams, industry concentration, tourism, manufacturing.

I'm talking the one's with $5MM-$20MM are being told by their financial team that the prowess of the US economy is nothing short of amazing. 

Originally posted by @James Naddeo:I'm worried that we're in the 11th hour, and the economy is going to turn south.

The question would be the sustainability of the overall economy and job market. 

If economy tanks, recession, depression, people can't afford squat, RENTS GO UP. because the demand for the supply will be insane.