It's a rinse & repeat cycle.

Time is money and if they pass the ideal marketing season to make repairs, they could end up in the next selling cycle, months away.

If you want to be really conservative in your numbers, assume that banks doing conventional financing know a thing or two from all the prior economic cycles and have learned to only loan 80% of the property value in case values fall.

I am beginning my MF journey, I am currently analyzing markets to determine which one to jump into. 
One question that came to mind, is there a strategy or a reason to invest in a market that is currently in the hype...

An additional complication is that I assume you have to project future assessed value if your hold is over three years, or if you happen to buy later in a three year assessment cycle.

With the Denver market where it is - I'm looking for opinions on the market cycle and when to get in.

It is possible that going through the eviction cycle was stressful enough to deter a repeat performance.

Hi All, What is everyones favorite Real Estate book relating to market cycles and successful strategies associated with each? 

Investment Info:

Other buy & hold investment.

Purchase price: $325,000

Cash invested: $365,000

Sale price: $495,000

Investment Summary
20-lot mobile home park in Urbana, IA
Acquisition Date: ...

Here is why:- Shortage of housing stock (builders have not been a participant to cause oversupply of inventory)- 25% of US homeowners have mortgage rates below 3%- 40% of US homeowners have mortgage rates  below 4%- 35% of US homeowners are free and clear of any debt encumbrances- Credit qualifications for homeowners this cycle has been the best in US history- Household balance sheets are strong- 90% or more of mortgages are vanilla conservative 30 fixed- There has been no speculative lending that we saw in the run up to 2008- The REO market is non existent (no foreclosures)With all that said, the debt homeowners have is now the asset and not the real estate itself.