I'd be careful of letting them come in and do a fishing expedition.

So that means you see an environment where prices are going to drop by 1/3 to actually see a profit from selling.

Welcome back to whats almost a normal interest rate environment.

I’m still a fish out of water so I don’t know where to begin.

@Benita Matheson- thanks for the post and congrats on the FHA purchase -  as this is was an owner occupied  loan - you  will need to  approach the next propert as a rental  purchase and this means that the  down [payment required will be  15% or more  or the price  ..also to note -  gift funds are not usable for down payment on  rental properties  .....after being in the  rental for awhile  ( >1 yr) - you can  consider  buying   the next  property as your primary  and  renting the 3 units int he FHA property ...also worth  noting - getting the  FHA loan  refinanced  should be  soemthing to keep in mind as a goal ( as the FHA MI is permanent )  ..this might be tought due to the  rate environment right now - thanks 

Renting an RV in a great location where people can experience life in an RV along with fishing, hiking, animals, makes it an experience, not just a place to sleep.

I know that in very high priced areas the rates will greatly effect the ability to get a good deal, and while they really will affect things anywhere, a city like Cleveland with lower price points you can still get great deals no matter the rate environment. 

Even with rates climbing, the lending environment has not been as loose over the last decade and the market has been undersupplied, since those days.  

So is your opinion that going from effectively no foreclosures to an environment where we're likely to see many will not have an impact on the housing market? 

So the best investment by far is anything that develops yourself, and it's not taxed at all" This was a response to a question posed on inflation, however, I think it is just as relevant in a low inflation or deflationary environment - it's just good, old life advice!