You know well what the costs of building supplies has done and builders are not in position to warranty against the future costs of commodities, but rarely are we seeing such quick spikes in prices.  

If interest rates go lower you can always refi but you never expose your portfolio to interest rate spikes.  

There is no spike in crime on any report that I have seen.

I am sure so of the same problems are occurring in the Bay Area.It seems that the local city rules and state rules have been changing so fast in California, along with the demand spike in demand, that the planning and permitting offices can't keep up. 

If there are periods of little or no usage and then big spikes, however, then you've just got a heavy-water-using tenant on your hands... lots of laundry, outlandishly long showers, etc. 

Electric can also spike in the summer with A/C.

Electric can also spike in the summer with A/C.

If the lawyers get involved the fees will be spiked up to close to the full redemption amount. 

In those areas you can spike rents and in a few years be cashflowing better along with having stronger resale value. 

There are deals out there to be had right now with sellers often more willing to negotiate and I expect if rates do drop prices will quickly spike upwards as more capital starts chasing deals.