I like Ames because the population is not decreasing like Detroit or Cleveland, but you can get year 1 positive cashflow with on market deals unlike most markets today.

For the last 20 years with decreasing interest rates most banks let it slide.

In the last few weeks we're seeing price decreases, homes coming back on market, homes not going into contract right away - hanging in a "new" status for 10-14 days, etc.

Despite the month-to-month increases, the Index was nearly 14 percent lower than one year earlier as the headwinds of rising prices, decreased affordability and rising mortgage rates likely prevented some would-be buyers from completing a home purchase.In the Philadelphia Metro area buyer interest was High in the Pennsylvania and Delaware suburban counties and in the Steady or Slow range in the New Jersey counties of the metro area.

Which in my opinion, is a healthier housing market for all.Side note for all those who still scream a housing market crash: In the last FIVE recessions, we have only seen housing prices decrease TWICE.

Looking at MarketStats for all of Cape Coral, from March to April (May stats not yet available), inventory decreased from 1.6 to 1.4 months, average sold price vs list price remained the same at 100.7%, average price per square foot increased from $163 to $170, and average days on market decreased from 6 down to 5I think I'm seeing a bit more pushback on the crazy pricing from generally unmotivated sellers as well with seemingly more frequent price reductions, but it's hard to tell if that's just confirmation bias or not.

As interest rates increase, I can't believe property prices won't decrease.

Its impossible  to precede 5 years from now, most investors have only lived thought a decreasing rate environment.

Does your cash flow increase or decrease if you sell those units and pay off the mortgages?

@Prash Manohar - Starting big picture and looking down, you can either increase revenue or decrease costs.