When the next downward cycle hits, what are the:     1) Key drivers (economy, interest rates, war, local economy change, lending changes)      2) Impacts (price drop, days on market, both, no funding, acquisition costs)      3) Strategies (a. buy, fix and hold; b. buy/sit; c. do nothing; d. buy/wholesale)We are in a long 7 year real estate boom and this can't continue forever.

Bidding wars are easy to get into. 

Is the area a war zone?

I am in NY and State laws are numerous about what a Brokers legal responsibilities are to the owner(s) of the property.

Are you looking to purchase one LARGE property or numerous smaller MFH?

There are a numerous number of different loan options depending on the type of property you plan on pursuing.

I don't know if I would take them off the list...Case in point, wrote a contract this week on a piece of land that I had numerous calls and contacts with... and I had written at least 3 prior offers on over the last 18 months... seller responded to a new piece of direct mail I sent in the last 30 days.Glad I didn't take them off my list.

Hi @Michael HaynesI´ve been on the Networth Realty mailing list in Tampa for 18 months or so and have spoken to them on numerous occasions about various deals they´re advertising.

Yes you should saw my last flip that was a war zone for a minute then turned out to be the most beautiful one on the market Tell me little bit about yours

Also, look to see if there are numerous rentals in the area on the market.