We have had half a dozen of these cycles since the 70s.

As I have read, that's what starts the good part of a real estate market cycle - where the economic curve starts to swing up.

Joshua, Attic fans are simply a fan with a thermostat that cycles it on when the attic temperature reaches a specified temperature.

Developers coming into the late cycle that are over optimistic and timeline to finish and expected rents can lose their as$.

If they are too afraid to purchase ~10 years in an appreciation cycle why would they think they would not be afraid to purchase if prices are falling?

And if you can go another cycle, this time at $20k/month income, you should be able to grow that $4 million to $8 million. 

This aspect, of retained servicing, usually has a borrower thinking they are "paying the bank back" when in fact the loan may have been sold, securitized with other mortgages to back the bonds sold that generate the funds to complete the cycle.

I would first learn market cycles, I would learn demographics and trends related to population growth and appreciation.I would learn crime mapping and how to analyze markets and submarkets.  

We are going through the bottom cycle of a correction with the boom really happening in 2005.

All have the same basic sales cycle and operating model the cost of entry is an order magnitude higher but so are the monthly returns.