He is now in a vicious cycle of working like a madman to pay back taxes and coop fees.

And since the entire record is during an up cycle, probably he could expect that if we have a severe recession there would be an increase in the default rate and require more for him to do.

Those things really add up and it may end up that you'd be paying a lot to keep a low cash flow prop in an appreciated area nearing the peak of its cycle. 

In the current cycle of a 150+ deal we acquired in Texas, and we are on track to hit our goal of 2.0x EM for our investors! 

Consider moving into multifamily investments in markets at the bottom of the real estate market cycle or the first phase of the upswing.

We are at the top of the cycle already, the cold begin spreading...

Lastly, we are going to be going in on an interest rate increase cycle.

The MF cycle in most markets is nearing the top of the current cycle.

Maybe the market is telling you the cycle is peaking and you need to find a different strategy or a different market.

We probably have at least 2 years, maybe more to go in this upwards RE cycle, so you can expect more appreciation.