The trend indicates a minimum of 10 to 20 % drop in home prices as sellers reduce home prices due to lack of Buyers. 

Usually the 2 best indicators of the market pace slowing down are (a) build-up of Actives with a steadily increasing ratio of Actives over Pending, and (b) longer days on the market.

Is there anything in there that they indicated incorrectly?

@Chris BinghamYou first make an indicative bid.

He was hoping I would take what he indicated as gospel. 

This minimizes risk from market downturns or any other unfortunate events.Conservative goals (buy a few houses, have them paid off, and focus on other things): Take out the min you need to buy the next house.Question 2:Yes, if you refinance your rate will go up being, non homestead (if you purchased owner occupied initially).

My gut tells me nothing drastic, I'm close to a few different lenders and they indicated the banks they work for are going to avoid foreclosures if possible.

@Steve Joseph If I were you I would worry about minimizing your vacancies.

I’d like to try and minimize disappointment.

Cap rate doesn’t take into consideration any loan payments.Just guessing that is the case due to $34k decrease with minimal booking fee commissions and such.