@Matthew Crane the answer is - maybeAt best, you can claim some of these indirect costs as startup costs. 

There is no reason to think that this will help you invest in real estate.

You will ALWAYS have a reason not to.

In my state that would be an expensive change as I would be paying state transfer tax on the move along with other costs plus I would need to consider whether I wanted to buy title insurance on the property for the new LLC.

We expect to have holding costs of $15k to get through the off season and the condo is pretty updated so we would only be spending $10k in renovations (updating the bathroom and then finishes in the remaining rooms).

If this market does slow down because of interest rates then, rent may see a increase because they won't be much option for people to buy because it will cost more than RENT at that point. 

I write this as a career RE investor for 2 reasons: 1) Inexperienced investors might find a tidbit or two, and 2) that experienced investors might point me toward what is next for me.I bought my first rental property when I was 18.

There is also no clear reason to assume it happens for the same reason each time.

Mortgage Costs UP - There will now be folks with a higher risk obtaining more debt, a lot more debt.

Eg if owning a house for the mortgage, insurance and taxes alone would cost you over $3000 a month (mortgage alone on a 25 year amortization for $500K is $3000 a month, goes down to $2700 on a 30 yr mortgage).