If your looking at existing properties, pay close attention to the OER along with current and historical occupancy rates.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Here is a historical chart comparing the two:The reality is that a drop in interest rates virtually never make prices go down, they are inversely related. 

It is basically a background database search - nearly all the same databases searched for a full Phase I, without a site walk or evaluation of historic documentation such as air photos, topographic maps, fire insurance maps, or the city directories (Phone Books).

What we're seeing now are fairly "normal" interest rates from a historical perspective.  

Some of the pristine historic homes on Peeples are awesome.  

Not a slumlord but it is a historic building and we don't have overhead lights so that is a definite fail.

But different subject matter.On a percentage basis:  Just a one year historical view.  

Otherwise, it’s like buying a retail business and having to work it yourself to make a profit – that’s called buying yourself a job, not a business.Appreciation has historically been sluggish in DFW, the most recent uptick is somewhat of an anomaly and may be at a relative high point, or lower relative affordability at the moment, which typically translates into pressure on prices.

We have also had, historically, a 5%-ish difference in rent rates when renting out in December and January as opposed to other months.