. - Housing market declining for the area; inability to find tenants; ability to find TERRIBLE tenants; sudden requirement to move due to job relocation (wtf do I do with this rental property now?!)

While on the phone with Matt, he suddenly said to me "I've got to go" and hung up.

Over the past 12 months and especially the last six, my investment team has seen a surge in the level of interest of out of state investors in the Tucson market.

It makes a point and the animals suddenly disappeared. 

I was pretty suspicious regarding the finished property being pulled off of the market suddenly for a month.

A building you think is a 3-unit suddenly becomes a 2-unit - you're already losing money on this deal. 

I'm not trying to "weasel" out of anything, but I don't know of anyone who buys real estate without an inspection that allows them to back our or adjust price if they suddenly find it's in need of repairs, updating or improvements. 

Every tenant who sees mildew/mold is convinced this is the "deadly black mold" and suddenly goes weak in the knees over this. 

I agree in principle with what you're saying, but I factored all of that into my buying decision, so it's not a new data point for me that is suddenly concerning.

I'm thinking it chills for a while, drops when the economy turns and then does another typical surge in 7 years.