HOWEVER - it may be difficult for the appraiser to access the true value if a large percentage of transactions are not in the MLS.  

NOI: $49,536CoC ROI: 16.57% / CashFlow: $1488/moPro forma cap: 8.26%Purchase cap: 11.79%Check out breakdown below 👇🏾 https://www.biggerpockets.com/analysis/rentals/6c76954e-deb6... 

I'm scared of how much my insurance will go up after the LA fires but there is a cap with CA regulations and also being dropped. 

I have heard that CA is very competitive and very difficult to find deals in.

@John Cooper, it sounds like a normal tenant and a difficult landlord.

I have been President in a 30 lot self-managed HOA and it isn't that difficult if everyone works together. 

.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

Additionally, Fannie Mae and Freddie Mac will sometimes temporarily suspend the income cap on their HomeReady and HomePossible programs, which allow purchases with 3% down.

I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?

This needs to happen in the cities with demand and in the cities that have no demand, but only after there's incentive for companies to grow in those cities.If you're a small cap company with less than 5,000 employees, limited debt, then these cities in the middle of Arkansas, Ohio, some other **** state, need to incentivize you to come here and move/create your HQ here.