The current inventory is low and prices are on the rise, but deals are still out there. 

As for an attorney, there are a couple considerations.

@Noel Pregot You can't count on the fact that prices will drop if interest rates rise. 

As a result, they invest with syndicators.The problem is that the rising tide has raised all boats as well.

Thus even after rent rises due to supply and demand repairs remain the same initial cost based on 5% of the initial rent valueScenario B) Rehab is done and repairs are a flat value based on the post rehab rent price (let's say 2% of the rent value), and the repair price follows scenario A, except it’s just (hopefully) lower.

Prices are still reasonable with rental and price appreciation rising at a good pace along with solid population growth. 

I think there is a some considerable blue ocean in the 15-80 unit space for investors who function as operators and are willing to embrace the pain of being quite active.  

The market I live in is rising, so how much should I spend on the property or should I be more focused on cash flow?

There’s a lot of neighborhoods on the rise as well with new developments popping up.

Even with rising mortgage rates and higher prices, economists say the housing market should remain strong due to very tight inventories and increasing demand as more millennials are projected to buy houses this year.Now millennials make up the largest share of homebuyers in the US, according to a 2020 survey from the NAR.