We have identified a possible flip on the market and have placed an offer.

Now if you found something just extraordinarily out of order like all the plumbing in the house was actually faulty, or there was foundation damage, or something else that the average person would not be able to identify, then that's a perfectly good reason to utilize that clause or better yet, to try to renegotiate a price with the new information in hand.

I have really developed a passion for real estate over these past few months because of BP!

The neighborhood in which we purchased the SFH is undergoing a great deal of investment and development and is likely to continue to appreciate.

Find an opportunity and run with it... to say the stock market hasn’t gone up or that the RE market hasn’t gone down is ridiculous... act like an investor and identify opportunities and, when It happens, take your losses and run with them... no one who invested (intelligently) over the last 10-15 years is losing money on any asset class... if you want to be on the Forbes 20 list CREATE something... but I can guarantee you Bezos, Gates, Zuckerberg, etc.

All the AI debate aside, I think that is the spirit of the original question: are renters at risk due to job displacement from rapidly developing technology (or offshoring). 

Any one with first hand experience or know a reliable Multifamily developer in and around San Antonio?

I live in a developing city (Huntsville, AL) and this is "new" land.

I see so much value in what you are saying about hanging around others who are further along than I and the relationships that develop through that.

Also, the association controls finances, insurance and many other things, a friend of mine has a condo in a unit mainly controlled by Canadians that are seasonal, in their infinite wisdom they decided to not maintain flood insurance for the development (they are in a flood zone)  now the units are unfinanceable , so the values are lower because only cash buyers can buy in the building.