The low rates were an anomaly and totally unnecessary, as today's reality shows that the economy can boom without them and created that inflation scare that nobody wants to see again.2.

I’m still less than 50% leveraged so I feel comfortable if the economy crashes and I have to reduce rent or have a lot of vacancies.

That's how a free economy work's. 

Its real estate market has been buoyed by consistent population growth, driven by a strong local economy, job opportunities, and a relatively low cost of living.I'm going to send you a connect request. 

It was under my metric but the property was right next door to another property I own so I figured certain maintenance issues could be lumped together for economies of scale making it a better deal in the long run.

It also increases the chances of something going wrong like the economy going sideways, emergency repairs (need cash asap),  or the FED increasing rates.

Our whole economy is based on that.That being said, when you deal in REO's, banks can impose deed restrictions that prohibit resale for period of time, but there are ways around those, too.  

But I do seem some concerning things in the economy particular how much asset values are dependent on interest rates, inflation, etc. 

Wall Street thought we were going to get six- eight rate reductions this year we’ve seen none so far and stagflation is setting in , the Fed is trapped , if they reduce rates now , inflation could catch on fire if they increase them again too much something in the economy will break I think we’re in this holding pattern for one to two years personally, I don’t claim to be a macro economic expert, but I do study it quite a bit and I’m not counting on or expecting rates to come down anytime soon and even if they do, they’ll just be small quarter-point rate hikes not enough to make a huge difference in cashflow, so ..I either hold and if they do decrease rates, there will  probably be another asset inflation bubble, which will increase my appreciation, or my cell and deploy the capital more wisely and look for some market softening and buy a good deal

And the economy there depends mostly on tourism which can create a boom/bust cycle.