Apartment Building Investors: Slowing down or speeding up?

[Taylor Shapiro]

Single family flip opportunities are becoming more challenging to find here in CT. This time last year I would submit roughly 30 offers to get 1 accepted, now that number has increased to 40+. I still find them and plan on continuing, however, I'm gearing up to begin investing in larger apartment buildings. 

I'd like to get an idea of how your apartment investing has been affected as a result of the current market conditions. We all know it's a hot market out there, but how is it affecting your daily routine?

Are you sitting on the sidelines and waiting for the perfect time to buy?

Are you selling off everything?

Are you buying anything?

I'm able to look back at my 3 short years of rehabbing SFHs and notice an obvious trend in supply and demand, however, I don't have that experience with apartment buildings (30+ units) just yet. I've seen the rule of thumb: "look at 100 buildings, offer on 10, get 1 accepted" a few times but question it's relevance in todays market. Just trying to gauge what others are experiencing to give myself realistic expectations as I move forward. 

Thanks for the advice!