This compression is directly correlated with several extrinsic variables such as interest rates, demand, inventory, economic expansion etc.Even if rents were to, theoretically, stay the same, it would be the extrinsic variables that would ultimately cause the valuation of your property to increase or decrease.In the end, cap rates are simply a starting point in valuing a property because the true value of your property is set by the amount of money that someone is willing to of for it.

Stop trying to get a read on the crystal ball and follow basics of investing and decide if it’s a good purchase or not and not whether it’s a purchase during a recession or expansion.

Circle the landscape.

Drought tolerant landscaping front and back including artificial turf.

Painting the exterior, landscaping, replacing the sign, ext.

Clean up and improve landscaping.

Then I maintain the landscaping since I only have one rental.

Landscaping is a must.

He is also in NYC, so maybe he would be a good person to connect with to get a rundown of the investment landscape there.

That is what is happening here in Charlotte and seems to be happening in OKC from what you are saying.Yes, that's what happens at the top of the market between an expansion and contraction in the economy -- different areas will start to act differently with some continuing to strengthen and some starting to show weakness.