Others came from the old leads in our system though follow up and got lots of responses from those people that said, "not interested", "not for sale", "not selling right now", "No" and those who declined our offers as well.

I worry that without a great deal, there are real risks of being cash flow negative on certain deals in certain markets in the next few years, and/or seeing valuations decline moderately, which would limit my exit options with a lot of leverage. 

AirDNA.co says revenues have been on the decline for the last 15 months,  W ww.youtube.com/watch?

@Brandon Lee either the property has declined in value, so the seller just wants out, or the buyer is paying a large down payment to the seller, or the buyer is making payments to the seller for that portion in addition to taking over the loan, or usually some combination of these.

Without relentlessly declining treasury rates and dovish macro trends at your back, will be significantly more difficult to make money in multifamily.

There are new investment intangibles to be considered when evaluating the investment potential of a property, including the declining value of the proposed capital by not being utilized. 

According to a mid-year outlook from AirDNA, an analytics company focused on short-term rentals, the increase in short-term rental supply will cause another year of declining occupancy.

 Lmao, #1 biggest nationwide decline is the Poconos.

Your point is a good lesson: A 10-15 percent drop in demand can mean much more than that in declining rents. 

People are indicating that STR occupancy rates are declining now and this last summer was simply pent up demand based on two years of house arrest, I mean covid quarantines.I have a property in North Phoenix I'm considering using for STR.