I jumped into wholsaling and found enough success in it to quit my W2.I lead a minimal lifestyle.

So we are selling on average 749 per month and the data would also indicate a 2 month supply of inventory.

These low cost products are an indicator on how conservative people will be spending there Dollar (Ha).

Moreover, a few owners whom buildings I’ve appraised indicated they were pulling out cash to invest else where, Uostate, PA, CT and even the Southeast. 

You may consider using minimal equity from the existing home to finance the same scenario that worked well for you on this one, get in early on a choice lot to a $350k new build sfh community.

I think organic minimalism style will dominate the trends for the next few years.

Of course your primary mortgage would be forgiven ( if you owe money) and you might get partial relief from your rental property mortgage through a government fund ( I’m sure minimal paperwork).The bill would require full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on their credit rating or rental history.This bill should obviously be a nightmare for anyone owning rental property which is pretty much all BiggerPockets users. https://omar.house.gov/media/press-releases/rep-ilhan-omar-introduces-bill-cancel-all-rent-and-mortgage-payments-during

I wonder what indicators people pay attention to when they choose the market to invest in?

ARV: 170-175k Rents: 950 each unitWould a long term rent to own help minimize the depreciation recapture for the seller?

I see no indication of that.