.- Financial models need to  assume exit cap rates are the same or higher than purchase cap rates.- Comps support both acquisition and exit cap rate assumptions.

I used to get 25- 30% net caps based on cash purchases.

In Philadelphia I believe that's capped at 3 unrelated people.

Take 500k boot out and pay 15% cap gain tax, $75,000.

Or in other words, the rent received from house hacking would cover our housing costs (mortgage, property tax, insurance, repairs, utilities).Upon research however Oahu seem to be a high cost and low cap rate area similar to SF where we currently live.

Since we cannot buy local (cap rate in CA is pretty low), we are exploring different markets. 

Factor in 3-5% vacancy and also $1000 a year per unit cap/ex.

After we put it in the listing in all caps, once in a while we would get a message from a prospective guest something like "Does the home really not have any Wifi?"

Consult with a tax professional familiar with your state's laws.The Biden Administration's proposed FY 2024 budget includes the creation of “capped deferral” for 1031 exchanges.

If you're lucky you will get 4% net caps in Jersey.