If values are declining in that area, what will it be worth in 5 years?

What happens if the Kansas City market begins to decline?

If the area has too much inequality I would be a little worried that as things decline sooner or later, the inequality takes the values with it down the drain.Interesting topic, just my two cents.

I personally do not know your market but by just poking around a bit, looks like unemployment is still on the decline as shown in the graph below.Mobile's net migration to the area is still in positive territory with no signs of slippingAnother good link for your local demographics, comments from residents, and city rankings is bestplaces.net which might help in your research of your area.  

I decline, saying changes to the lease can be discussed at renewal time.2nd situation: Same tenants/house.

If the bank declines to give you a credit then you have a business decision to make.  

I actually got declined because of underwriting silliness on their side. 

Cost seg breaks down the building into building components and personal property with rental property building components depreciating over 27.5 years straight line and personal property depreciating over 5, 7 or 15 years with 200% or 150% declining balance.In the $100K example if 10% was reallocated to 5 year property through cost seg that's $7.5K depreciated over 5 years and $67.5K depreciated over 27.5 years.

We are in the Nashville area in what seems to be a pretty hot market and both interested in long term buy and hold, but would we be better off holding out to buy something until the market declines?

The drivers for the economic downturn in the last decade don't seem to be repeating this time around.If there was a "correction" in Bay Area real estate, I would not be surprised if there was double digit decline.