I know for a fact my grandfather failed along the way, but that didn't stop his former firm from being responsible for 65% of the new housing developments in his city during a housing boom in 1960's or lead him to hang up his hat and call it quits 30 years ago like others his age.

Nashville is also booming.

McKinney is booming and Princeton has certainly benefitted from it.

Boom you learn everything you need about contracts and required forms. 

Then i was like checking my Zillow views, showing requests updates from my realtor.After 2 weeks we got an application, and with initial review we didn't accepted because of income criteria and no.of people.Then no application for 4 weeks, even though showings were happening.Then my 1st Mortgage payment is coming up, i was getting confused if i made any wrong decision with Rental property investment, and then i started researching on my own, decreased it by another $50, which became 2nd lowest in that area, and mine was better home than the lowest, boom 2nd day after lowered, we got an application on Friday, and i dint accepted right away as it was not 100% to my expectations, and i want to wait through weekend to see if i get any more. 

Learn from it and see what you can do to prevent it (a lot of that is strong policies...when they are 1 day late, BOOM, notices go out, start the process right then (at least notifications) the reason why is not to create a lot of paperwork for you and hassle, it is to train them that they can not "float" the rent to pay for other stuff, the better trained the renters are the less hassles you have, the better your return, the lower your time commitment.   

Interest rate hikes will extend the growth phase i.e. it will take longer for us to get to the 'boom' phase.

With the construction boom after the '08 crash, that industry had been pretty good to me.

People are losing money in booms and busts if you buy badly enough. 

Fortunately,   things are in good enough shape I can wait a few years for the current construction boom to slow down.