I’m usually paid up and “made whole”the first year , If I explain it to the tenant buyer when I deed it over I’d be sure they understood and signed a legal document that they understood the title is clouded ..heck they don’t really care either lol that is outside their context ,they plan to live and die in the building and it allows them to get out of the renters cycle and be an owner .

Then you can hold for decades with a long term loan if it is not the right time in the cycle or sell to a hold investor and keep growing and recycling capital into more projects.I have been licensed since 2004 so saw the last downturn.

Or, that the tenant there has been in business for 22 years and there for 7 years or if they are 7 years old and started out there, their industry and where they may be in their business cycle.

As @Andrew Rosenberg said, deals can be found in any part of the market cycle.

@Mark Bills @Brandon RibeiroI have been investing in the Poconos since 2003 and have been through Major market cycles.

I am proposing to track the entire life cycle of an urban infill 4-unit rental housing development project in my hometown of Long Beach, CA.

Especially since most staging companies need to cycle out their inventory every so often.If you ever need a place to stay while visiting Nashville get in touch with me!

This is probably a better strategy 3-4 years from now, or however long it takes for the market to cycle down towards the bottom, then you can pick up a property like that.

Rinse, and repeated this cycle until he was up to around 8 or so houses.

The rest of us that have grey beards and have seen a handful of cycles will sit back and let them do it.