Consequentially, once rates calm down its not unreasonable to expect the rental rates to decrease as well.

You need to decrease bounce rates.

On the longer New-builds or MF stuff, it usually takes over 1 year anyways so you get the benefit you mentioned AND then cost seg the improvements to get the most back.But in either case it seems like buying Q4-Q1 would place you in a better position due to the decreased $/sf value during those periods (at least for the SFV & West-LA markets referenced above).If you bought anytime throughout the year, you are 50% Investor #1 and 50% Investor #2

Poor credit, no legal status, poor subject collateral (including inadequate cash flows or poor markets), and no liquidity are the obstacles that either stop or slow things down.Cheers!

Is the population growing or decreasing in that market?

As home prices are slowly decreasing in few markets.What's interesting there's starting layoffs in construction side of business as builder face more RE cancellation.

But I don't think that losing population will necessarily decrease property values, no way....

In many cases, I'm seeing about a 10% decrease from the highest comp in the neighborhood.

Not quite sure how to deal with it because its description of the current Phoenix market bears little comparison with the real world.Some quotes are:Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing pricesfour US cities will suffer the most catastrophic dips, drawing comparisons to the 2008 housing crashPhoenix Arizona will likely see noticeable increase before drastic decreases of more than 25%My comments are:We saw skyrocketing interest rates in 2Q and 4Q of last year.

If they are unable to help me with this option, then I need to keep searching for one who has such experience.With the Federal trying to stop the inflation, homeowners might be worried about selling their houses due to a decrease in the number of home buyers in the winter market and decreasing property values in the next few months.