Affordable housing inventory is still at historic lowsAnd nobody expects this to change anytime soon.

I'd say buy where you can afford.

The location of the turnkey has to do with what you prefer in property types and what you can afford.

Thanks,KHIf this is your primary residence I'd wait a year before even entertaining this idea. 

Some investors cannot afford the higher required down payment, or the extra PM rates, and so on. 

Columbus, OH is a great cash flow and appreciation hybrid market that is growing rapidly and still relatively affordable.

If you think prices will actually fall then maybe there is an argument for waiting, but I haven't seen any indication that that will happen.What is likely to happen is that the rate of appreciation will slow, but I do not anticipate it to turn negative (deflation).What is certain to happen is that interest rates will go up over the next 12 months.In the next twelve months it will not get cheaper (in terms of actual purchase price) or more affordable (in terms of monthly payment) to purchase real estate then it is right now. 

Your landlord policy will be more affordable as you're not insuring the possessions inside, just the structure.

After that I would determine your budgets - How much can you afford to pay in cash?

I recently used the equity from this crazy market to refinance out of the VA loan and into an owner-occupied conventional loan with the aim of reusing the VA loan to purchase another multifamily property.Here's where the dilemma begins.It seems like every month that goes by makes it harder and harder to afford some of these properties, so I would like to jump in and hedge against appreciation and inflation, but I am unsure how.