I know a lot of speculation, but if I have multiple exit strategies including possibly holding the property for much longer up to 5-7 years then it may not truly matter; although going in on higher cap may always be better because you have a greater chance of lowering.I don't know, just feel like, I am talking myself into it, buying now.Best time to buy may be brief period when the cap eventually goes high with market crash or adjustment and eventually the interest rates will need to be lowered to revive economy!

And then the market crashes, you have to service your loans yourself and you lose everything because you were leveraged.

You didn't have the opportunity for years after the crash of being able to pick through bank owned properties at a huge discount in Boston like you could in Indy or other midwest cities. 

This was purchased during the bottom of the Real Estate market crash.

Only thing though U want to do this through title at least pay for a title report when you do a deed in Lu your taking title subject to all things on it.. and there could be junior liens or loans to you.. that if you carry through with the foreclosure they are extinguished.. so do check first.then if that's clear make a deal with the first.. your either going to end up owning it.. or maybe the greater fool theory will play out and someone bids it at the sale and makes you whole.. or you can lower your opening bid to make it enticing. you don't have to start your bid at 1oo % of what your owed.. during the crash I did this often I knew at 100% of what I was owed I would end up owning it.. and having to deal with it.. but if I lowered my opening bid to just get my principal back many times it sold a the sale. and I did not have to deal with it past that..

I feel I should make some kind of move, I've always wanted to invest but after I lost my first home in '09 due to the crash I backed off.

I just know we cant sustain that kind of prices increases and its starting to feel like it did when the market crashed in 2007.

- Even if you had the cash to buy on the cheap, was anyone lending- If you bought sensibly and cash-flowing, did you even care because you could carry through the crash- Was the rental market hotter because homeowners became renters, or was it colder because tenants couldn't afford their rentcc @Anthony Thompson

After hurricane Katrina I did a bunch of remodeling work and flipped a house that didn't go great during the 08 crash so it became a rental until i could unload it.

. :)I used to list, negotiate and represent buyers of short sales back in the hey day of the market crash.