So if you're not raising rents to at least $2700-$2800 if the value of the units are truly at $3000, then why get a tiny house. 

And following this convoluted rabbit hole calculate what kind of property you would need to exceed the profit level you have right now. 

I’ve recently undertaken to paint 3 units, two 2 bedrooms and one 1 bedroom.

That said, you deserve a management team that treats your properties with the same level of care and attention as they would for larger clientsI’ve heard from other investors that finding a great PM company can be a game-changer.

@Michael HoustonSo cap rates are for commercial properties so they have no use in 1-4 unit values.

With 65 units, I have a revenue manager who is checking it daily. 

(The people running 500+ units or $100m syndications when the average BP listener (I assume) has 1-10 units and is worth $1-5M.).

Pricing and risk levels are about the same for the same type of stuff in either city.

Assuming that this market will rise to the level of "everywhere else" and not inflate in relative lockstep with other markets may turn out not to be an accurate assumption.  

Am I correct in thinking that with the two units vacating soon, the property will be entirely vacant in 2 months if you also move out?