We also expect further cap rate/yield compression as the appetite for multifamily investment rises globally.Source CBREWhat are your thoughts on this?

@Stacey BrownIt depends on where you are in your investment career and what your goals / risk tolerance are.A person who is young / starting out / has a risk appetite will likely want the leverage.A person more mature in age / already established wealth wise / wants less complications may want less headaches of a loan / application and want to pay cash.It depends on where you are in life and what you want.Best of luck

Your choice depends on your strategy, equity appetite, hold period, risk tolerance, proceeds level and which program you are utilizing (Fannie or Freddie).

I was told 6 months for a rate/term, 12 months for cash out.There also seems to be a general lack of appetite from cash out refi lenders, but wondering if you have seasoned yet first. 

A big ticket item might be a fire suppression system due to the commercial nature of the building.

@Zachary Schimenz  The key takeaways from my exp - have a PM that has an appetite to handle lower income areas.

All depends on your risk appetite, ability to replenish reserves, and what your true goals are.

It depends on your current capital position, your experience level, your appetite for A, B C and D Areas and multiple other factors.

@Jabari LongThanks JabariI hope I am opening some eyes here......there are most certainly opportunities outside your backyard.It will come down to research and risk appetite I guess.University District is taking off for sure, but it is not the only area in Detroit that is starting to move north.

A down market will suppress rents and increase vacancies.