Quote from @Evan Polaski: @Dave Cali, while tend to agree that office will come back, from a higher level I am not sure how much interest you will be getting from these forums.  

These are things at the high level I want to be looking at for all my real estate purchases. 

Especially if you can refi down the road into a lower rate.

Is it because of state level controls?

Hello everyone, I have no knowledge of real estate but I'm eager to learn this concept from beginner to advanced levels.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

@Caleb Brown  Current rate is 5.8Its also a VA loan, ive heard of (but am not too familiar with) the VA IRRRL benefit which should allow me to lower my interest rate in accordance with  interest rates if they lower again.

Nor may appreciate your risk tolerance level.1.  

What's your experience level at this time? 

And look, I don't doubt the anomaly potential, the Malibu homes etc. but point is when we get to certain price levels the price moves outside "median" purchase viability.