I am looking to buy my 2nd investment property here in the next few months and was wondering if others have noticed more or less rental applications being submitted in the past couple months. I no longer use a PM, so ...

Who wants to deal with long commutes, high cost of living, more stress, people on top of people?  

If the dollar value is dropping and things are getting more expensive independently for other reasons (supply shock, decreased production/consumption) they should be compounding factors but I am not sure.

If the deal does not feel right to you, why force it and deal with the stress, there will be another deal.

Say I purchase the property for $500,000, I have two options. 30 year fixed with 25% down or 30 year FHA with 3.5% downI could put the 25% percent down ($125,000), thus decreasing my monthly payment to about $3,000 a month.

I still don’t understand what equity I have to get on houses for investors or buyers to take it off my hands, and negotiating with sellers is stressful too, I want to get a good deal but they ask for much more.

Im buying a property in a very similar situation, but have stressed that I WANT the tenant in there for another year regardless of market rent being low.

It could decrease risk without having the "boots on the ground" here in Richmond. 

I'm more curious if managing for other owners for 20-25% of revenue is worth the time, effort, liability, and stress. 

I am also considering just installing mini split heat pump units in the house to decrease the renters heating costs.