It was an MLS deal that had been on the market awhile due to septic tank issues which scared a lot of buyers away.

Essentially it was these "MSB's" and "CDO's" that ultimately triggered the default rates that we saw tank the market in 08.

The supply numbers here in Phoenix are in the tank.

Up..End.I wouldn't get those inspirational words on a t-shirt, you're going to lose it when the market tanks. 

It’s a crazy market here right now with supply truly in the tank.

If I refinance based off of current appraisals (which are still coming in high) and market tanks you will be under water.  

As a last note, in general inflation is not an issue, inflation rarely tanks economies or countries.

If rates increase and the market tanks, I feel comfortable with being able to lower rents if necessary and being able to hold onto them.In the end, I want to borrow as much money at 2-3% as people will let me as long as I can buy properties that I think will pay for themselves.  

I was looking in Birmingham at first but there is to many sharks in that market already.

Housing sales should be virtually nothing as oil tanked, and we rely on oil income to generate jobs and taxes.