If the unit you are working in is empty the noise is probably heightened.

Thus you'd need to find opportunities where promoters are willing to take the heightened risks and costs associated with raising money from accredited investors.Many test-the-waters campaigns are really designed to solicit interest from the broadest possible audience and weed out the non-accredited investors in favor of a 506(c) raise because of the way the gov-mint is designing the rules.

Home owners and property investors have a heightened sense of urgency when it comes to safeguarding their properties, so I can understand the looks of shock and horror I receive when I urgently implore:  Do NOT shovel your roof!!

I'm not sure that any of this heightened analysis is really needed when we're talking 3-4%ish money though.  

Diversification is Key I have always believed, even more so during times of heightened volatility, that diversity is the key to any successful business or investor strategy.

Hopefully it will heighten awareness and save a little pain for some folks down the road. 

Because of heightened development activity, it's really stratified the supply, which means you actually have a wider variance to work with, and potentially better opportunities to capture rent upside. 

With a fourplex you should be able to achieve cash flow even with the current rates - in addition, even if you took on a mortgage on a rental property in the current market, you will still be able to refinance in the near future when rates come down - I would not pass up an opportunity that makes sense as an Invesment just b/c of heightened rates. 

The returns are not super but are incredibly recession proof while also being hypersensitive to inflation so an upturn in the economy generally has a heightened impact on food/commodity prices which can boost your return quickly in the near term.   

Self-certification to see the deal is one thing, but actually taking these dollars into the deal heightens the risk not only for the promoter and the site, but also for the other investors in the deal.