Obviously,  if that was in a down cycle another outcome. 

If you are considering buying a Single Family investment property that needs updating/rehab:  Would you rather perform/oversee the rehab work yourself (and sacrifice months of rental income) or would you rather buy an investment property that was already rehabbed (lets assume to your satisfaction) and collect rental income much earlier in the ownership cycle?

Many of those new development's promise depends on the future economic cycle in that particular city zone and asset class.

By failing to have an adequate Reserve Funding Plan to cover these expenses so early in the life cycle of a property is a major Red Flag.

And then it usually takes less time for it to end back up int he cycle where someone buys it for a few thousand.  

When water dries up development is limited.I saw a report on TV where a weatherman was saying Texas is in line for a drought cycle for up to 10 years out worse case.It seems like if your state could just get the rain other states have too much of you would be doing really well.

From an efficiency standpoint, the more times an HVAC unit cycles the less efficient it is.

Motor cycles in the living room with oil dripping on the new floor, unreported fire in the kitchen, plumbing rupture and wall water damage.

Stockton looks like especially volatile RE prices relative to other areas, so I'd rather not be buying in that kind of marginal location, this late in the cycle..

It depends on the persons goals, but when an area appreciates a ton over the course of a cycle, I usually see quite a few rentals being liquidated.