Know your cycles.

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??

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.

I'm just afraid that I will get stuck in that cycle every year then.Thank you!

The appreciation driven only you have to be careful because they cycle more with bubbles from time to time. 

The state reassessment is also coming up in two years (8 year cycles) and if prices keep rising like they have been here, taxes will go up even with it sitting as a 2-unit.

Are we coming to a peak in the cycle, I would say yes, at a 3 cap it's hard to make income producing real estate work.  

I agree with his 4 points.There is also a consistent cycle which one sees all the time.

It's always good to practice sound investment strategies, but in the current cycle it's been tempting to be a little riskier and bite off a little more.

Timing depends on your specific goals.In regards to rental properties in Houston, we're definitely on the higher end of the economic cycle but who knows where the market will go next (experts can't predict this, how can we?).