I have noticed this month more houses have gone up for sale with sales prices decreasing. 

So, if you can make a deal today at today's rates that cash-flows positively after refi, if you manage it well and hold onto it over time rents will likely increase and you will likely be able to decrease your expenses when rates go down and you can refinance again.

Which areas have decreasing vacancies.

Additionally, it is likely that pricing of properties will decrease at some point, so if the deal makes sense now then it's worth considering.

I don't know how you invest in anything long term that has decreasing demand.

I would envision things would still be strong through the winter as supply decreases but demand is still existing - and this is with most of the oil rigs stacked up... wait till the price of oil comes back next summer.  

It decreases my initial risk because I don't owe anyone money if everything goes wrong.

What I read about the all-in-one loan is that the line amount is not due back after 10 years but that the amount you can borrow gets decreased by 1/20th in the 11th yr and then 1/19th the next year and so on until the line is down to $0 by year 30.

Hello @Nicholas Foy,Waiting to buy a property only makes sense if interest rates and/or property prices decrease significantly, leading to a significant decrease in your acquisition cost and debt service.Interest RatesThe Fed last increased the interest rate by 0.25%.

Having vacancy for a period of time will also decrease your return as will capital expenditures so hopefully the $1K is good enough to cover your costs.As others said, this may not be the best investment but only you can decide that and what your minimum target return will be.