I'm also not an 'expert' on this REI stuff, by any means... but 'market cycles' are 'predictable' in the sense that the same people control them and pray off of the 99.9% like clockwork... and as many an 'insider' have said, in effect: "Watch what the herd is doing... and be prepared, then do the OPPOSITE."

However i want to buy my very first home via first time buyer, i dont have money for a down payment and i dont want to make this decision effect me in my  real estate investing.

http://www.biggerpockets.com/renewsblog/2014/10/03/the-beginners-guide-to-highly-effective-real-estate-networking/

http://www.biggerpockets.com/renewsblog/2014/09/30/14-effective-pages-for-a-fully-optimized-lead-generating-website/

For example, city of Austin has some rediculous energy efficiency requirements as well as ever-changing codes that take effect on properties with an ownership change regardless of how old the building is. 

Karen, you take away the legal and illegal immigrants effects on population and we would have had been losing population since the mid 80s.

No effect on taxes at all, unless you elect special tax treatment. 

They are no where near as effective as they use to be, so please do keep us posted how you do!

*****ROFR’s are therefore not an effective substitute for an investor seller who wants to pre-set an above-market price in order to lock in a long-term profit.

Double the effect !