I find many properties with NOI that I like but knowing that the initial cost is really high and that I would be purchasing at what looks like the peak is pushing me back.What are your thoughts? 

Hopefully one day you can make things happen enough in real estate to kiss that commute good-bye!

It did not not last long and never came back to levels at peak.

Just be on the look out for great deals, be selective knowing that we are at the top of a market, but understand, you wont know when the Peak as come until you look back and say...

The sun was just peaking over the mountains in an area typically packed with hikers called “Dreamy Draw”, a mecca of crisscrossing hiking trails in the center of Phoenix Arizona.

Plus, if you’re there for all-but-peak-season you really need to like the property.

If the seller is so ignorant that they would do this then say good bye to your property.

Those that purchased at the peak "expecting" that the prices would continue to climb at outrageous percentages is completely different than investors who know their markets, know the market conditions, buy in the right areas for the right price and have multiple exit startegies.

You want to sell in summer and therefore end the lease at the start of summer because there will be less push back for rent raises.If tenants decide not to renew, it’s vacant at peak market conditions.

Look at recent peak property values from 2007/2008.