@Mindy NicolRain is not an excuse imho unless it’s a national emergency.

Try contacting Unity National Bank.

The policy quotes I have received from two different brokers, are for insurers which do not have national name recognition (e.g., Cabrillo Coastal, Southern Oak, Cypress Property & Casualty Insurance).

Minor tweaks to the assumptions can cause wild variations in the calculated returns.The proforma is NOT God.If one steps backs and considers the notion any of us have a solid accurate idea what the world national local economy or interest rates or the real estate market in general will be like in 5 to 10 to 15 years are a heck of a lot smarter than I. 

Are they foreign nationals on a work visa?

The official source I was able to use is the National Association of Realtors site and it shows Multi-family market cap rate of 6.1% for 2024 Q1 (2023 Q4 was 5.7%).

And I know, I know, that's what you were doing here...but this is more of a national website. 

Hi BP friends,I recently have been looking at STRs near National Parks, and I wonder whether it is a pure cashflow play, or a combination of cashflow + appreciation play?

I was the featured speaker with a local group (actually nationally presented) on building energy efficient homes. 

Your competing with big national lenders that are offering financing with low rates by buying the rate down.