The comparison to NYC is not perfect, but a 15% downward shift in the NYC market is a whole lot of money, no matter how you slice it.

Experience helps when the economy has a shift. 

My #1 problem with out-state investors is actually them coming back however long after the last saying "ok, I'm ready, get me another exactly like the last, I want the exact same" and the market simply does not always work that way, the opportunity shifts as time moves on so what I did say 2,3,5yrs ago may not be a viable strategy today.     

The dialogue must shift from what you want to sell to what investors want to buy.Investors have money, but no time.

-- so thank you for the sharing: bp podcasts have been PIVOTAL for shifting mindset -- #483 5 things to build 1M Rental Portfolio.  -- But there's SO MANY for whatever would peak their interest and just get a crack - a pinhole of light breaks thru a whole sky of darkness... 

Spend my days letting the dancers convince me that they should work the Friday and Saturday night shifts. 

Nevada is a much more reliable source of manpower, it is weird how manpower shifts, I know some company sent about 30 to Utah for some framing work.

There could be shifts in the market place and some adjustments in value, but there is a real possibility that most major MSAs so not see any significant price reductions any time soon.3.  

@Alicia MarksYes, I don’t think that market will shift very much for very long to not buy now.

If your goal is to buy “X” number of properties within 12 months and you remind yourself repeatedly, then your focus shifts solely on the goal.