From keeping our reference rates compressed to leveraging our currency over and over again with the same GDP output.

It is not necessary to put thread tape on compression or flare fittings.

3 unit is unusual as they are generally larger in size about 6 to 10 units for small strips.Built in 2013 you are saying they are all mom and pop tenants which is also not the norm on new product.Some areas are cap compressed.

Small retail strip centers have great value currently for the difference between debt and the cap rates.I think in 2 to 3 years you will have caps compress just like MF did in that space.

Commercial cap rates have compressed substantially over the past 2 years or so.

@Justin Williams My question was, with flip margins compressing, at what point will you put your business in neutral and take some chips off the table?

Water supply can generally be tested with compressed air so that leaking water does  not cause any damage.

We're seeing two things at work in our markets, the first is that institutional buyers with a lower cost of capital are compressing cap rates even in markets they wouldn't touch a couple years ago and somehow other owners in those markets, even small ones think their properties are worth a premium cap rate.As a result our private equity and syndicators are looking at value add deals where there is a lot of work that needs to be done up front.

I was going to raise it , but it is 6 inches from the driveway , it would either get hit or run over and crushed , It is the old style , a steel pipe with whats called a sanitary seal ( a big rubber plug in the 4 in steel with a compression fitting for the pipe no worries about contamination ) .

The cap rate will vary based on area and location.If the area is growing, has high median income, great tenant bases, great annual rent growth, landlord friendly state, county, city, etc. that makes a huge difference in cap rate compression and demand.So I could go on but the answer is NO the properties are not the same with the income.