I work with and frequent investor group meetings and have my finger on the pulse in KC market.I can't speak for the other 4 mentioned markets, but for KC, it is not uncommon to find 7.5-10% cap (turnkey) rates in both SF/MF.

I think what everyone is attempting to say, but is having trouble putting there finger on is this.

I never had a loan called due and over a thousand deals trickled through my fingers.

Crossing fingers.

Are people just slipping under the radar with fingers crossed they don't get caught?

So much so that I saved my fingers from typing the same thing over and over again and put my info in a BP blog. 

recap = PP$120K/Rehab-all cash in $74K Refinance $317K Cash Flow in 2020$189.00 Cash Flow in 2024 $650.83 No issues with Tenants (fingers are still crossed!)

I'll have my fingers crossed for you. 

Now you have this 'great idea', that landlords should go out and spend more money on finger print readers, airBNB scanning software and schemes to track renters movement, now some renters are having privacy concerns.

Oh Tim I forgot to tell you that all Democrats have now got mind control rings on their fingers and each time a Republican comes near them the Rep automatically agrees with them without the Rep knowing.