Does it matter what is happening in the market cycle? 

I run an 8 week cycle where the same list gets mailed 3 times.

Also gives them the opportunity to be involved in the real estate cycle.

Not store non-operating vehicles, nor boats, RV’s, motor cycles, trailers, firearms, equipment, tools, hazardous materials, liquids, paints, fuels/oils or chemicals on premises without landlord/agent approval; no waterbeds Not install a swimming pool or any other water feature where the water is eighteen or more inches deep.

I think this is part of the very predictable "downside" evolution of real estate investing during financial cycles. 

If there is only one economic driver, then the region is prone to boom/bust cycles.

Would it be after zoning approval or would it happen on the next tax assessment cycle in town...Best of luck

Metropolitan Statistical Areas are by definition large and encompass great swathes of regions and whilst this information is useful background information, remembering that one of the distinguishing features of the Real Estate Asset Class, as compared to other classes, is it's highly segmented character.The most profitable ( and some would say, risky) revenue streams of RE is appreciation and that's what you're trying to determine when you are looking for how to determine which stage of the RE cycle an area is in but within Sarasota, Tampa and Jacksonville for example, are a myriad number of micro-markets that could provide an asset that over the next 5 years would create a huge loss or a huge gain based on the characteristics of the micro-market.

Good multifamily deals are tough to find at this point of the cycle.

This market cycle may be different than in the past, but that's how this market works.