In other words, people are willing to pay less for that same set of cash flows because they can buy less risky cash flows in the US Treasury bond for a similar price.This is just one example, but the point was to illustrate that there' s a lot of factors how your multi-family will be valued. 

This compression is being driven by demand which of course is illustrated by the amount of capital being invested into a particular market.

He did briefly illustrate it with some numbers.I'm not taking sides on his argument, just presenting it.

Only looking at "amount invested" can be deceiving.Let me illustrate....You may see a deal where the sponsor says they are putting $250K in the deal. 

Purchase price: $108,000 Cash invested: $17,959 Sale price: $154,900 I purchased this home more to illustrate excellent knowledge and predictability to my potential investor partners than to profit, but there was some of that, too!

Purchase price: $108,000 Cash invested: $17,959 Sale price: $154,900 I purchased this home more to illustrate excellent knowledge and predictability to my potential investor partners than to profit, but there was some of that, too!

In your case you're still up against the issue of intent - as your post here illustrates that you intend to sell within one year. 

Date property was purchased: August 2019Invoices for all work completed prior to closing.Date tenant stopped paying rent.Date you provided tenant with eviction notice.Dates that you heard renovations start.All this will give the adjuster a timeline to illustrate "malicious intent" by the tenant. 

But I wanted to illustrate how I started from nothing as an immigrant with nothing to my name less than 5 years ago to finally being an investor.

This photo is a great illustration on Comprehensive coverage.