A lot of markets across the country are inflated.

Inflation induced debt destruction- rents rise over time, the mortgage reduces, we gain equity and cash flow.Other people pay off your mortgage.I have a range of property management fees, with a low of 6%.  

Both rejected so far, but that is indicative of the still semi-inflated pricing that sellers are expecting.

I have also witnessed how they collude with repair vendors to cheat money out of a property owner by requesting TWO invoices, one with the actual price for service, and another with 15% to 20% added on for parts, labor and service, with the inflated invoice being sent to the owner, and the property manager pocketing the extra 15% to 20%.When it comes to the upkeep, care and repair of your property and associated appliances, the bad and indifferent property managers actually contribute to the lack of proper upkeep and the higher costs of preparing for re-rental after tenants vacate.

I used RS Means 2015 price guide (inflation adjusted to 2018 numbers) for remove and replace costs and then divided them into the expected life cycle of household components using a 2007 NAHB study.All in all, I wanted to see what you guys think.

But the tenants continue to pay them all down via inflation-induced debt destruction while also working to raise the values over time.  

General buying power has plummeted, wage increases haven't kept up with inflation.

Holding onto the cash is losing money to inflation, and I already have a couple hundred thousand in reserves that I could use to pay off my primary residence as it is.

If it's REAL, which is Home Prices that are adjusted for Inflation, then it's more probable that the Economists will be correct that REAL Prices will drop, but won't have much of an effect if the NOMINAL Prices don't drop.

Pretty interesting article on how accounting tricks have created funny money in tech hubs like San Francisco and Seattle that have inflated the real estate markets:https://www.redfin.com/blog/2017/09/when-even-tech...Both as a real estate investor and as a career software engineer who has worked at a tech startup in Oklahoma City for the last ten years, I have been deeply involved in this trend.