Which can still be okay if the value of the property increases at an above average rate, or if you have a very long time horizon.

I think they cut the rate because they see slowdown on the horizon and want to keep the economy chugging along. 

Kinda weird but I'm looking towards the future and all the possible opportunities on the horizon.   

I have a couple of clients with several projects on the horizon.

--https://www.latimes.com/business/story/2020-03-08/oil-price-war-Oklahoma shale producers break even at $21 to $48 per barrel (i would think its closer to $40 in Oklahoma) -https://oilprice.com/Energy/Energy-General/Why-The-Oklahoma-Shale-Boom-Isnt-Taking-Off.html-Oklahomas state budget is made counting on oil selling for $54 per barrel it is currently at $31 per barrel and dropping - https://kfor.com/news/local/dark-clouds-could-be-on-states-horizon-as-oil-prices-drop-to-30-year-low/-While oklahoma's economy is very diverse it will be hit if prices do not rebound in the near future - https://oklahoman.com/article/5627150/state-chamber-provides-new-analysis-on-oil-gas-industrys-impact-on-oklahomas-economy-and-tax-revenues-Oil and Gas would fall under mining and make up 22% of the GDP for oklahoma see page 11 - https://www.ok.gov/oesc/documents/lmiEconIndPub.pdfThe Good The Bad and The Ugly -Good - oil and gas prices may come up if Russia gives in on this play. 

Looking on the horizon I hope (and hope is not a strategy) the end of next month will show a return to normal booking.

If you have a seven to ten year horizon Vegas will be a score but pain is coming in next 12-18 months. 

Make sure to understand the HOA fees and find out if any special assessments may be on the horizon.

Obviously hard to answer given the circumstances but are sub 3% 30 year fix rates on the horizon ?

I think this is one of the best markets to be in, if you have a 10-20 year time horizon and want to develop real mastery of a single market.