Then again, that's the definition of a crash. 

Market must be crashing in Seattle with just under 8,000 listings for a 4 million population, or Kansas City with just under 7,000 listings against a population of 2.4 million. 

If the latter, sounds like FUD, because I'm not sure how we have a market crash with such low inventory?

You're arriving with capital, experience, and drive, which puts you ahead of most.

When I checked cupboard on arrival 3 loaves of bread had been there at least 2 weeks in Texas heat and the smell was putrid 2.

Now values & interest rates are up, the party is over and you have to go old school to find & grab deals.Before the crash of 2010 we all figured we'd look at 100 properties, write 10+ offers, to get ONE accepted!

It made me think about my own exit and I want to share this, because we basically arrived at an exit strategy that is almost too good to be true and I never see it on BP, so tell me what you think about what I ended up suggesting to him.They have a medium-sized portfolio mix of duplxes, a couple quads and some singles, a typical mom-and-pop operation. 

Waiting for rates to drop means you'll be paying more in the future.The only way (that I see) prices dropping considerably is in a bigger economic crash that decimates demand across the Portland area.

Just like with the stock market, it will not seem like a great time to buy… (when things are likely crashing for one reason or another).  

We found an envelope in the unit when we arrived with instructions on leaving the city tax in the envelope before we leave.