I'd expect prices to continue to appreciate, so the longer you delay, the more expensive things may be. 

At the numbers you are talking about and where the market is heading you could pick up some very high quality NNN national credit tenant properties as commercial continues to recover. 

5K rent seems cheap for the area so I would continue with that.

Will we see home prices continue to beat year-over-year values yet again!?!?

Turn off water to each unit and see if the water meter continues to run. 

They have noted who they invested with and several of these sponsors used to be huge contributors to a BP and now have gone completely dark on their investors or but continue to pump out podcast episodes and speaking engagements… So my question is: is it that bad out there in the syndication space?

Successful individuals must learn to accept uncertainty, maintain a flexible mindset, and continue to invest.

I have been with a property management company for 2-3 years in Arizona and the property is being run continuously at a loss.

If you have a good relationship then they would be willing to answer questions but if you are just going to ask a bunch of questions they won't continue to answer.

Quote from @Stuart Udis: As I am sure is the case with many investors, my residential and commercial leases continue to evolve.