Now, everything is compressed here as much as anywhere else with limited inventory.

With cap rates compressing over the last decade across the board, I would expect hold times to be longer.

Note how all the people in this thread advocating that a higher commission is fair are agents and brokers.Might as well get used to the margin compression now folks, AI is coming for you. 

Money is also cheap and cap rates are getting compressed from big city money buying the larger existing projects that one could likely refi and pull out cash close to the profit difference on a conversion. 

---------------------If you have hot water heating, turn boiler off, open bleed valves on every radiator, drain the system from the compression tank.

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.