You are correct in assuming cap rates are low, because they have been massively compressed over the last 5-10 years.

With compression between CAP rates and debt service due to interest rates rising to a much more normalized historical level, will that eat up most of the cash flow on syndication deals? 

These days cap rates are getting pretty compressed and an 8 cap is very rare; I would expect to pay much closer to 6 for C class.I don't have an answer off the top of my head for snow removal, it really depends how many porches, walkways, whether parking area is included or tenants shovel themselves out, etc.

You can also see the map in the image below, but it's a bit blurry since the file gets compressed when I upload it.I had my VA find some royalty free stock photos of houses in bad condition to use the in the ads.

I have heard they are being compressed into about half the time between the trial date and the middle of May. 

If that continues, you should see additional compression in rates.   

@Joseph Gozlan@she@Shenes Benniefield WatsonI agree that the numbers caught my eye as a bit too good to be true in today’s market of cap rate compression.

@Jonathan Gordon As mentioned by others, the Puget Sound area continues to have compressed cap rates, and it's important to not "force" a deal that doesn't make sense to you.

Nobody has a crystal ball, least of all me, but my sense is that rates are going to rise and housing prices are going to compress.

I prefer to use 90-day intervals for quick turns when in hot markets because DOM is compressed.