The key is to be ready, wait for the right property, and adjust your offer based on the strategy you want to deploy.The time of year is less important than the property itself.

Fannie/Freddie both allow up to 90% financing. https://singlefamily.fanniemae.com/media/20786/displayHOWEVER, the  loan level pricing adjustments are HUGE on these loans: So, the rate and costs will be very high. 

Quote from @Shelan Davis: I have house under construction in Cape Coral with Whitestone Developments.

Explore ways to optimize the current cash flow, such as adjusting rents or reconfiguring the property?

Tax impacts include deferred gains, adjusted cost basis affecting future depreciation, and strict adherence to IRS timelines.

@Blake Kirby the new construction is mostly SFHs on the far outskirts, or "luxury" apartments and/or condos as infill projects.

Adjusting for it allowed him to realize his property’s ROI was still positive but not as high as initially hoped.

If you’re comfortable with it, you could ask to extend the term beyond five years or potentially even adjust the interest rate for a longer payoff.

Forbid construction in those areas.As for Northern California not building mass transit, it’s very built up.

Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.