If you bought in a market that has good affordability, population and job growth and other positive fundamentals, but is not as "hot" and the market shifts, you likely will loose less value and be able to weather the storm or potentially even see growth. 

That being said, you can definitely invest in areas that have strong fundamentals for growth.

@D'Andre ByersI know this is probably not what you want to hear but I would question your decision to get married if your fundamental financial values differ that greatly.

Aloha,The number of units you can effectively manage is entirely dependent on age and condition of each property; quality of Tenants and effectiveness of your screening  and move in process; available qualified contractor pool; solid systems for all major processes; your personal knowledge of all applicable laws, construction fundamentals, and troubleshooting capabilities.Do the right things right, the first time.

Use sound fundamentals when buying. 

If you don't understand the fundamental differences between assets and liabilities, not only will your investment strategy be sub par, but you won't be able to communicate effectively with other investors.

They may call them by different names in your area, but the concept is the same, you want all documents that are recorded against the parcel of land, that's fundamental to all property. 

I wasn't able to pass along the high cost of the neighborhood amenities).Long story short - it taught us to focus on the fundamentals like market rents, expenses and cash flow for investment properties.

You need to be sure that you are well-versed in the fundamentals of multifamily underwriting at least to the extent that you understand the investment and can spot the deals that will never perform as projected. 

I do think the asset class will experience devaluation as buyers price in the economic distress of COVID, but as long as the long term demographic fundamentals remain in place, MFH is setup for success so I wouldn't be fearful of a bear trap.I think an interesting thing to watch is if/how COVID affects any of the demographic trends currently supporting the rise of MFH.