Columbus has definitely gotten competitive, and you're right to be cautious about properties that are cycling back to market quickly.

You need to talk to people directly and find full cycle experience from start to exit for syndications.

So it became a long-term action of repeating that cycle to achieve decent LT tenancy base. 

And that cycle is now.  

Notably, there is often an unfortunate cycle where: (1) current ownership has financial struggles; (2) this requires the current ownership to fire sell or declare bankruptcy; (3) the development suffers as a result; (4) new ownership comes in and tries to fix it; and (5) the cycle repeats.

They do this by foolishly assuming the good times will last forever and fail to remember the market cycles. 

Per trading desk they said "yeah, crazy right, a lot of people are gonna get caught sleeping on this one", as in when market has that cycle it will get "interesting" when the forced sells occur accelerating the drop, that those in the know have algorithms built and set to grab the bottom.

Over the next 3 - 5 years I plan to 1031 exchange all of our single family homes and purchase another 40 that won’t have mortgages (we use the lease option model to sell our properties to maximize profits so we cycle through properties every 3-5 years).

It also has been one of the slowest rental cycles this year than almost any that I can remember.

There is a lot of weight on marketing, and a lot of inputs to that cycle.