Rates and their trajectory will be uncertain,  but a good deal is a good deal, even if values stay flat or even reduce a little in the short run.  

Everything else is uncertain.

My husband and I bought our first property in July. We researched, read books, went to meetups for about 8 months before we made our move. Bought a half occupied 4 plex in cinci. It had been a money pit from the get g...

I would say you have to invest in class B unless you need the distribution.If I assume the sponsor will not deliver the result, then I probably will be investing in neither class A nor B.If I assume the sponsor is good but an uncertain market is ahead, then something to think about.

What we do (which is more intense than most)Screening ApplicantsPoor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before your property is marked pending.

It's in an area that was largely devistated by hurricane Ida so renting is getting unusually high rates right now as there are still not a lot of rentals available.

@Cheza M. there  are plenty of  lenders  able to  offer a  rate lock  on a  30 yr fixed  rental property loan BEFORE underwriting ....the present rates are in the  5.5%-7% range for  rental loans ......dont hold  your  breath  for these to improve anytime soon .....historically  speaking - rates are  still low .....but  obviously nothing like the past  several years  ( which was  very unusual )

That's pretty unusual; we haven't received any kind of feedback from anyone on our place regarding those kinds of things.

There is also another technique called a Monitised  Installment Sale that is supposed to have the benefits of Seller Financing AND tax benefits, but when I looked into it it seemed way to complicated for my tastes, and I like the unusual ;-).

Finally there will be less rentals available as many landlords elect to sell rather than face an uncertain future.