Even at peak rates these can be affordable enough for multiple families to pitch in and afford. 

Jon B. - Yes, most can't be seen at all.

There's a very nice country club here, comparatively small, underutilized (tee times never a problem) but a great facility, 18 holes, 8 courts, including 4 clay, and nice pool and competitive swim team.Home prices peaked years ago, dropped, and are now in what I would call a buyers market.  700K would buy a lot of house. 

If I'm a buy and hold multi-family investor, should I care about buying at the peak of the market (which I believe we're at) if my cash flow is acceptable?

I've been keeping my eye out for a good flip deal lately so you've peaked my interest for sure!

In addition, investment volume is now 13% lower than at the peak of this cycle in 4Q 2015.

Be it local or national, there will always be peaks and valleys, booms and busts, a lot of people moving to an area, people moving out of an area, etc.

With Biden taking office, COVID, and multi family investing being at a 'peak' - what are you and your team predicting the next 12 months will be like for multifamily?

So, bye,bye! 

Pay the management to go bye bye, roll up the sleeves and steer the business back to printing money.