Prices are already starting to soften at some tiers and in some locations in the Metro. 

I don't know about Portland, but I would agree with the rest of the Denver folks that I don't believe the Denver market will crash but it will likely soften somewhat over the next two years.I thought @Linda Weygant's response was a great one for buy & hold investors - as long as you aren't leveraged to the max and would struggle to make payments if rents took a dip, as a buy & hold investor you should be fine - history shows that housing prices will increase again eventually.And while I don't have data to back this up (maybe someone else does?)

It's definitely softened. 

It might just soften like 2001 or dip a bit like 1991.

Then hopefully have the unit rented by no later than November 1st.Current rent = $1625After rehab rent = $1750 - $1800$1,800 May be pushing it but the rental market in our area is currently very strong with limited inventory.The difference in when the unit would be available for rent would be 6 weeks, in your experience would you anticipate the rental market to soften significantly in that timeframe as winter approaches?

Even with softening rents, there is still demand at the right price point.

That agent will help you with your residence than you can start investing as the market softens!

:)We see and welcome some subtle softening in the multi family arena that makes that space more reasonable for everyone involved Falling of a cliff ?

I have to ask, is the water softener a payment plan for the system for the home?

New construction is likely the biggest risk factor in multifamily where a softening of the economy mixed with new units hitting the market can temporarily create a race to the bottom on pricing.