Congrats on your success in acquiring the duplex that now will yield 6.5% cap at current lower rental rates. 94115 is a great zip code to be in.

I don't know what his market rate rent is for that property.

The real estate market has shifted dramatically in recent years rising interest rates, evolving buyer and seller expectations, and fluctuating property values are keeping all of us on our toes.

HML rates are currently around 11% plus a few points.

We are also going to see rates start to trend down once the 10 Year treasury start to adjust down.If you have any questions at all or need to pick a Baker's brain feel free to reach out!

Overall nationwide cap rates are rising because of interest rate increases.

The only real differences are the rate and term.

While rates may not decrease, the significant double-digit increases should level off.

Quote from @Craig Sparling: I consider myself an old school fundamentals guys. 

Doing so also helps create some level of USP to a sea of growing inventory across platforms like Airbnb.With their introduction to paid advertising it’s going to be interesting to see how their algorithms change from a ratings perspective.