.”- Rick and Ricky, SFR gurus“We bought this house in Toledo for $31,500 and sold it 10 years later for $34,000”:-) sorry my Toledo friend :) This sounds just like one BP member who posts regularly..."20 caps" everywhere.

Move into the triplex for two years and use IRS Publication 523 Sale of a Residence to not have to pay some of the Cap Gains when you Sell.

With low cap rates and high revenue and profit, valuations are off the charts!!!...

I don't think you can go wrong if you have the liquidity and the market is strong. don't forget that hotels are built in the middle of nowhere brand new and do fine. if you want me to look more closely at it send me a DM, this is ours right here that we proposed so you can see the style but it's 81 residential units, 45000 sq ft, 6000 sq ft of retail, no parking. on your assumptions, your occupancy rate looks high. pull some hospitality reports in the market and see what it is. your exit cap looks about right for what I've seen in hospitality.

These numbers are only going to trend higher, for as long as the Fed can put a cap on this "unemployment" rate.

I would imagine just to make something like this pencil, the cap must be pretty high, right? 

Hey mate,Thick skin is needed on this forum and in business in general 🤷‍♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do. 

However they will cap you at 70-75% loan to value. 

And they cap payments at around $2,500 - so depending on rent amount it's not good.

Some states have caps, others do not.