I do not mind sitting on a pile of cash while prices are causing margins to compress.

In this age of compressing cap rates and every increasing asking prices I'm trying to find a way to make deals work.

The amount of money that will get pumped into Washington Park, Grand Blvd, Bronzeville, & West Woodlawn is huge beyone anyones compression that reads this.  

Then the ring attempts to compress back to its original shape.

Given the elevated pricing in the market and high interest rates are compressing margins on already tight deals, using cash allows me to at least generate extra margin and simplicity by avoiding all of the additional financing costs.

So, I am here to try and learn, hopefully in a more compressed way, how to start a mobile home rental business legally. 

In SJ and other similar areas, prices per door are going up WAY faster than rents, compressing caps.  

Cap rates have compressed to where market value is close to re-build cost.

Matthew Philipchuk, on houses, I'm seeing around 7% to 9% net yield (we've been buying as high as 14% net yield but cap rate compression is underway), and on a levered basis we're in the high teens.

You just  wait until the next period of cap rate compression to sell or refinance.The second risk is harder to deal with.