Even if the prices do correct further though, I wouldn't be concerned since rental prices have historically increased even during periods when property values decreased so as long as I don't intend on selling the property, the currently appraised value of a property I own doesn't affect me.

However, your 5 and 7 year property are already fully depreciated which will decrease the benefit.

However, for us, while this strategy would increase our net worth by decreasing our tax dollar paid, it reduces our investing fund in such a way that could be detrimental to our investing strategy.Additional Drawbacks include:Less Flexibility - By putting our money into our retirement accounts, aside from the loan that we could take, that money was pretty much locked upHigher Risk - In this scenario we were relying on our rental income to pay our bills.

Depending on what you decide to do, you might look at the number of permits pulled for new construction and whether that number is increasing or decreasing. 

I did decrease my risk by starting with this strategy, but it’s possible that my returns will end up being less as well.

A survey would decrease the length of the feasibility period for a developer and hopefully keep you from wasting time.

Unfortunately that decreases the number of people that now can afford to rent the property.

The greater metro area, however, showed a 7% decrease to a median home price of $435,000.

Your cost of equity capital should decrease over time3. 

The average tenant stay is over five years, and our clients had no rent interruptions or decreases during the 2008 crash and COVID.