That's when I say of course your building is 11 years old and most of your mechanicals as well as the roof and other items will need expensive replacement in a few years and I will not see anywhere near your cash flow.They get quiet and either want to do a deal or they say I understand but I won't sell for that and hold out for a newbie sucker that doesn't have the knowledge to know the true costs of owning a building during different age life cycles.

Since other landlords use a school year lease finding someone to move in can be next to impossible until the next cycle.

Sale volume drives prices down until the inventory declines( on this side of the cycle).

How many banks failed in the down cycle of the early 1990's?

I've just assumed that when a listing shows HOA dues of $200 with a monthly billing cycle, it means $200 a month.

It causes a chain reaction of population increases and job growth which perpetuates a positive growth cycle for an extended period of time.Generally I look at the strength of the economic development department, future planning ( vision ), and how much they are pro growth.

Example you do 50 a year but have 30 built and ready to go to market to sell in a 3 month span and then do 1 to 2 more every other month to limit exposure and market shifts for the development cycles??

Know your cycles.

Other times a local commercial broker might under market a property or not even expose it and I can get my clients in early and under contract.A general cycle for brokers is to put it out to their trusted direct buyers and brokers that they know have buyers they can close with.

If you have to foreclose, then the cycle would start all over again from the outline I made above