Our market never was very competitive, and now with COVID its EXTREMELY competitive, and I haven't adapted. 

Find out who the major buyers are on the market and adapt.

since you're a pro and it's MF property that's more than 5 years, definitely sell and find a new opportunity.Don't worry too much about the rate because, at the end of the day, everyone need to adapt to the new reality.

More and more appraisers are adapting to the STR market and finding ways to value FMR on STR, but it is not yet common. 

So I’m just contemplating on making this move or adapt my strategy to out of state rentals in more landlord friendly places, but the numbers might be worth the headaches in California with this build.

Adapted from a twitter thread, thought I  would share here:The BRRRR method of real estate investing (Buy ➡️Rehab➡️Rent➡️Refinance➡️Repeat) has become a popular strategy in recent years to maximize gains in investment real estatePopularized by David Greene of BiggerPockets and detailed in the excellent namesake book (https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat) it has been utilized by many investors to scale rapidly build great wealth through real estateWhat has made BRRRR so popular?

Is the building metered or unmetered for water?

The thought process being why stop doing something I’m good at if I can adapt it and keep utilizing the same skill of finding deals cheap.Well after talking to what I believed to be a scammer claiming to have made a large profit trading $1 fluctuations in gold, my views have evolved.

It is a SFH adapted as a Duplex so it has two listings out from the Same Property, both beautifully renovated and decorated to the delight of the guest.

The key is to be very flexible and adapt to the market's demands in your area.