TX class A MF, there is up to a 50% difference.Looked at another way Vikram: if NOI is correspondingly lower, so will the value of the asset, keeping the yield unchanged. 10% on a $1000 NOI is the same yield as 10% on a $800 NOI, but each yields very different asset values.Values are driven by a multitude of factors: supply constraints, land values, SF home affordability, interest rates, capital markets, blah, blah....which impact the going in yield (cap rate) of a propsective investment.

Instead the cause is a multitude of economic and political factors not mention good ole' fashion GREED.

Though it is intense, it is also required to ensure the product is applied correctly with a multitude of variables between homes taken into account.

This often creates a multitude of potential leaks, at wall to roof joints, sloped roof to flat roof joints and penetrations thru the flat roof.

The BP podcast covers are wealth of material from a multitude of perspectives.After that you'll need to get off your computer.

There is the same challenge if you were 3 or 4 hrs (Pittsburgh, Philadelphia, Hampton Roads or any other multitude of locations) the investment of time and energy is extensive to get to a remote location, even geographically close like Richmond because of our traffic, regularly.  

Not impressed either, and they are my least favorite OTA for a multitude of reasons.

There are a multitude of problems that you will encounter that render the whole exercise far more trouble than it is worth. 

Just because we see 100's of interested parties, alot do not qualify for a multitude of reasons. 

I have been looking at a multitude of multifamily properties but have narrowed down to a duplex @ $139.5k (2/1 & 1/1) and a quadplex @189k (1/1).