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Yes!! Me!! I was just talking about this today. I am unloading all my flips, not buying anything over 250K that I can't unload quickly and only maxing out 50% of my liquidity until things shift. Vacation rentals are usually more long term holds so I don't think there's too big an issue with buying those but for those of us who flip, now is not the time to be holding a lot of inventory.

David,

It will be interesting to see what happens. I am not anticipating a crash in our income producing vacation rental properties because the numbers work at the price they are selling at and until hotels start lowering their nightly rent rates the rates are in line with the market. That being said - any property where the numbers don't work would be ripe for a "reassessment" on what a willing buyer should pay - however that's more about rental rates and the numbers than real estate valuations dropping. I have found that temporary situations like an assessment that shakes some sellers out who can't cover it can be good for buyers like yourself waiting in the wings. :D Wishing you all the best and let us know how you make out when you find what you're looking for. 

Matt Malouf

Author-Adventurepreneur