I have bought at all points of the cycle and over 5+ years always come out way ahead.

It's the cycle of things.

on our mid range product the cost difference is not much  about 100 a foot.. with builder grade stainless and slab granite custom cabnets  higher end laminate hardiplank and comp roof  front yard only land scape and fenced.on the 2 mil one we are doing that is coming in at 230 a foot... we try to make 15% of gross as a net profit  so 430k nets us about 60k... now we put the equity up in the dirt up front then we bring in no more cash to build and we have interest reserves in the construction loans which our banks allow.. so no monthly vig either.. which is nice.. so as long as we can cycle a house in 9 months no payments.now when we do better we might make 20 or 25% of gross rarely more though.. too competitive for lots.. only way you would do better is if you had just a smoking deal on the dirt. 

Foreclosures won't start cycling through for a couple years imo. 

Then repeat the hiring cycle.

The only oddity was that the washing machine appears to have been unplugged mid cycle but no issues after walking my cleaners through a little troubleshooting.

Not to mention he has been through a lot more real estate cycles then the green one year guy.BTW My first real estate deal was 1980....

So the main concern is if you invest in a DST with 50% LTV, when that investment's cycle ends, you will have to worry about debt replacement in order to avoid boot when you make your next exchange.

The typical cycle is this:- Look around at properties.- Unsure/anxiety about whether anything is a "good" deal.- Read a ton of blog posts- A lot with conflicting info.- Listen to pod casts to try and figure out what others are doing.- Feel insecure that you don't have enough money to invest in real estate.  

You might have to cycle through several cleaners until you find a good one.