I may be living in one of them after the rentals I now have booked are finished.

They were given an open book on what they were allowed to do.

Otherwise, you're going to be taken for a ride.At the very least, go out and grab every book you can find on apartment investing.

I would do some serious checking into the Assn books.

Look for methods of finding private money lenders.It sounds like you haven't read enough real estate investing books yet.

I was asked to write a book for a real estate seminar company in 2001 about my experiences and early retirement which I did.

In his book, Shiller does use rent vs. price comparisons as one piece of evidence of a bubble.

Hold everything and not make any moves until the dust settles, or at least wait until the end of the year to get a good deal as everyone is closing their books?

Whether that's reading a book, taking a course, working with a real estate mentor, or simply tagging along with an investor you know that you know and respect.Learn all you can and drop as much time as you can into learning the ropes.You don't want to financially hang yourself.Good luck!

Our phones have simply stopped ringing (luckily we are booked out fairly well through the end of the year, but what happens in January?).