With all that we are improving the income/cash flow by turning the property around and also creating compounding equity by compressing the cap rate between purchase and sale!

I like Longmont too but not many multifamily properties come up for sale there, and in the past few years cap rates have really compressed to the point where it's hard to spin off positive cash flow unless you buy a fixer and employ a value-add strategy (which is what I've been doing), or can afford a larger building (which are even harder to find as they rarely change hands). 

One of the properties I bought in Jax ending up having a septic drainfield issue probably due to something heavy (like a car) compressing it over time - we found that during inspection and the seller was able to address it before closing.

That being the case, it's not an interest rate sensitive loan, because the payoff timeline is so compressed.

A market that has cash flow is possible because it doesn't have appreciation, market that experiencing appreciation will not have cash flow because it experience cap rate compression. 

They will compress time and help you avoid many mistakes like I made.

You’ll avoid many mistakes and compress time.

Well, my family lives abroad and their and my own health matters make me want to compress the timeline.

Soils below the uncontrolled fill were moisture sensitive, highly compressive soils down to refusal at depths of 45-67 feet.

Some markets are very compressed for cap rates with certain asset classes.If rent to price ratio is very compressed then maybe building new will get you the numbers you seek for return.