If however, we look toward rising loan costs and higher cap rates, the potential is real for both a refi bomb that will eat up some or all of your cash flow gains with at the same time, a cap rate expansion that could wipe out any appreciation gains .So that begs the question of what the correct strategy is going forward?

The expansive kitchen features fine cabinetry, Thermador appliances, pot filler, and quartz, and is flanked by an oversize waterfall island.

The expansive kitchen features fine cabinetry, Thermador appliances, pot filler, and quartz, and is flanked by an oversize waterfall island.

So while trends, price per foot and some average price of some average house in the average condition can be accurate, Zillow won't know you house will sell at premium because of skylights, high ceilings or expansive flooring.   

There is an expansion project for San Jose airport.

This leads me to speculate that in the far future when Atlanta becomes the big city I think it’ll be, this Condo will probably be worth a lot more in the future, so this is actually an ideal unit for a long term buy and hold (if you have other cashflow to deal with the expenses).ExpensesI’m just going to post a picture of the spreadsheet I used for this.Operating Expenses + CapEx AssumptionsThe three main expenses here are the HOA fees, Property management fees for when expansion occurs, and taxes.

I brought in an experienced investor to JV this deal because it needed an extensive rehab and expansion.

I recall with the PPP loan, it technically was not supposed to be used for expansion of the business. 

For purposes of limiting liability and also creating the potential for expansion, I was planning to purchase the property in an LLC.

How far south is expansion growing?