Only time will tell if it levels off or continues to soften the market.My original post was not intended to be doom and gloom as if we are crashing but more so to discuss the recent trend of the increase in supply so that active buyers know they can be slightly less aggressive on their offers and sellers need to price their properties correctly as they have more competition.

Since then I moved rents up to $2,590/month but with the rental market softening and having a tenant move out early that'll drop to $2,475/month here shortly.Overall it was a great decision and the numbers worked well after I moved out!

As time has gone on, they have hired a realtor, are slowly softening their stance and opening up to offers.  

I've watched prices soften, a lot, as inventories increased and I really don't think the "bottom" is absolutely here.But, I'm now actively looking again.

Also understand that your most likely stuck with that home for a long time as prices are going to soften unless you put a large down payment on it.

I also include reminders for winter weather: clear snow, turn off outside hose bibs, guard against mice - helpful guidance and reminders to soften the blow.

Those are unacceptable returns in such a high market though, with no margin of safety for a softening rental market which we as a state tend to experience a bit of during a downturn. 

Many of us do it over a long period of time taking advantage of inflation and rents paying down our mortgage.As long as you buy a property with positive cash flow you should be fine even if the market softens for a while. 

There are (and will be) plenty of deals out there, and the market has softened.

but I don't really want to risk going through a tough escrow with a novice buyer trying to shave me down with contingencies and unreasonable demands related to inspections... especially in a softening buyer's market.