Good evening @Ling Chen,Out of state investing gives you higher cap rates and better COC returns than NYC.

Also the DSCR ratio at 7% cap rate is barely above 1.

Cap Rates are low in this space, but it makes sense for a lot of people who have a huge tax burden.

You also have the ability to go through an LLC if that is the route you want to take and do not have a cap on size/concentration limits.

The no new permits then become a permanent cap on new licenses with a limit much lower than currently is issued.Research.....

  $100k long-term cap gain minus selling costs isn't enough tax for most to sweat missing the 121 exclusion. 

With current rents and purchase price, it has a cap rate of 8%.

60 days is the cap with 99.9% of the market 

If I had listened to the cash flow crowd, I would have sold my Bay Area SFH (with lots of equity and low property taxes) and bought multiple OOS properties  - the thought of all those cap ex down the line, PM fees and tenants...I'll pass.

Let's put expenses at 15% since it's a new build, and you're looking at a 10.2 cap rate.