It is becoming more popular to underwrite deal and calculate the terminal cap rate by taking the current market cap rate and add .1% for every year it is held to make deals work.

Cost segregation and accelerated depreciation are quite popular and you'll see many sponsors using cost seg these days.

The property is located near popular restaurants and a university.

In listening to Avery Carl's book, she brings up a great point in that it is often harder to find homes with distressed sellers in strong STR markets because of the financial background of many owners of second homes and the competitive market place with STR's becoming more popular.  

Biggest thing is not looking at the most popular homes on the market and focusing on deals that have sat a little bit of time.

Idaho is becoming so popular and Boise and Coeur d'Alene are becoming so expensive that I do believe people will continue to spread eastward so I'm guessing there will continue to be appreciation in Pokie.

@Chris JuddIt definitely is popular. 

I see Biltmore Fashion Park is popular, but curious to hear what anyone else thinks.Thank you!

That way I could make more in appreciation as those hidden gem locations gain popularity in the future.I heard that NC property tax for residents and non-residents is the same and the number of properties owned does not matter.

These were more popular a few years back when rates were lower and the market had more inventory.Why 203K and not just use FHA?