Based on what every outlook I've read seems to indicate, things will continue to decline or at least stay low for some time, and I think that there is time enough for me to pay off the place and then save up more.

We're heading into a "soft patch", and I think you'll see prices decline significantly in your area.Jon

I'm not sure about your area, but where I am in New Jersey, it's illegal to decline tenants just because they hold section 8 vouchers.You'd have to decline them for credit, etc.gosection8.com has some good info as well as HUDs web site.

As long as an increasingly small number of taxpayers are expected to provide ever larger entitlements and handouts to an increasingly large number of people, this country will be in serious decline.

The population of Detroit has been declining for over 50 years.Forget the fads and invest close to home for the long term.Mike

We declined.

Of course the crazy lady tried to sue me when insurance declined to pay her anything considering it was her fault.

I’m in a similar position as you; I don’t have my first property yet, but I have made an offer but it was declined.

Basically you would want to start looking for markets with high crime and population decline.

Rents have gone up considerably in the last few years which makes my property more valuable but if there is a decline in rents I could get myself in a lot of trouble if I was leveraged myself to the max at the peak of the current cycle.