Moreover, those yields will get compressed due to 3rd party property management - just something to keep in mind. 

This can expand and compress quite a bit based on the carrier, so you'll want to find a carrier comfortable in the MF space.

@Alexandre Marques dos SantosI’m observing a similar compression in Tulsa.

PMs will compress your margins tremendously. 

There are a lot of good markets in the South East and South West where the cap rates are a little higher than what you see in the North East, but cap rates have compressed significantly over the past few years.

In addition, the interest rates are relatively low right now so cap rates will most likely stay compressed over the nearest future. 

However, if you were to outsource it to PM Company, then that could compress your monthly cash flow figures. 

The market is frothy and cap rates have compressed.

Asset prices have run up significantly in the last few years (cap rates have compressed) and I do think that those who are looking at doing shorter term holds (shorter loans) are at a much greater risk when cap rates expand. 

If the prices of commercial property goes up, Cap rates are forced to compress.