@Daniel COne thing to keep in mind is that 6+ unit places are often rent stabilized so I think 3-4 families are the best way to take advantage of rising rents.

Fixed interest rate is a good choice too as rates could possibly rise and kill a good deal. 

@David RawlsRent Credits give rise to a financing arrangement. 

I want to do a buy and hold as my first property to also live in and get out the apartment living with rising rents.

I meant 'How will the RISE Act affect folks lending from their SDIRA?'

They area continues to improve and the rents continue to rise.

Will a large new development push these home values down, or will rising tides raise all ships?

The rise of the Internet has taken investment capital that would have otherwise inflated certain local markets and deployed it into cost effective markets.

Here are some interesting articles to support.http://www.geekwire.com/2016/latest-zillow-report-finds-seattle-third-u-s-home-value-appreciation-tops-rising-rents/http://www.bizjournals.com/seattle/news/2016/10/07/zillow-says-seattle-will-still-have-fastest-rising.html

As your cash flow and income rises then slowly increase each year.