I guess my fundamental question is, how do  you value properties that have rents below market rate...and how would you remedy this problem if you were to buy the place.Thanks ahead of time Jack 

The fundamentals in those cities look awesome right now!

And in general....I've lived in Seattle for all my adult life,  and been a small landlord since 2006.Its true that supply and demand is a fundamental law of economics, and as more comparatively well off people pile into seattle, housing is going to get more expensive and the bottom-barrel housing units that used to be out there 10 or 20 years ago that people who were living solely on disability or SSI or maybe could hold down a low wage job despite issues like substance abuse or mental illness were able to afford is getting redeveloped.   

Originally posted by @Antoine Smith:What stocks do you guys recommend In a situation like this, you would want to find stocks where the fundamentals haven't been affected, but the general macro economic conditions are pushing the price down. 

Indy has not only good cash flow but has strong economic and demographic fundamentals.

Not to mention, waiting three months for a sheriff to come out is fundamentally unfair on the scales of justice and enables a 'playing of the system'.

@Victor S.Yes this is another great point.How the Fed measured inflation is a topic of great debate since anecdotally, many have commented on increasing prices that are very palpable but the fed continues to rely to metrics like Core CPI that don’t seem to reflect this.The disconnect is interesting but I think Jay Powell is very attuned to this and he’s spoken multiple times about how inflation and productivity can be measured in the internet era.But fundamentally I think when the majority of jobs have become non-union, workers have very little negotiating power and so a primary driver of inflation like wage growth may remain stagnant for a long time.

I'm fortunate that all of my units cash flow and are fundamentally sound, so my short-term goal is to cover my expenses.

No doubt is a violation of fundamental constitutional rights.

And there are good deals and bad deals today.If you have sound buying fundamentals, -- buy at a wholesale price-- never speculate-- create appreciation through value-add improvements-- buy for cash flow-- obtain favorable financing terms-- stick to workforce housing areas-- don't skimp on due diligence-- stress your underwriting-- have multiple exit strategies.If you think you're limited on deals & capital.. you will be.. regardless of what's happening in the marketplace.