Title companies, due to this bill, and to a pervasive anti-business political attitude and power structure, are very cautious.

So while it is can be good to be cautious some take it way,way overboard.When a syndicator spots a deal to buy the passive investors have to act to fund the deal in a timely manner.  

now in the good times that's not an issue but if things get tight it is.. and I can pretty much guarantee with Michigan RE this could happen if things get a little rocky.a Long term fixed 30 year loan CANNOT be called.. and you can make extra payments etc.Be cautious using a personal resi though make sure your rental is solid .. many foreign investor got pretty well duped by shysters selling them ghetto Detroit properties for huge inflated values.. and many of these folks ( mainly Australians ) mortgaged their homes only to find out the 80k home they bought in Detroit was really only worth 10k   LOL..

But it's more in line with my character to be a little more cautious financially. 

Even if your area has had 20% appreciation over the past 5 years, I would be EXTREMELY cautious.

Good luck, appraisers are very cautious now - big difference from 2 years ago.

Am I being to cautious?

No need to completely pause but be cautious. 

Still willing to move forward but will be more cautious during this time regarding my calculations and risks. 

I'm proceeding very cautiously....I can't help but be reminded of the irrational exuberance we experienced in the lead up to the Great Recession.