We have experience in single family (we have assets in Miami, London and Tel Aviv), yet we are relatively new to MF.The question I have is, with the South Florida market as hot as it is are you continuing to buy there, in spite of the compressed cash flow, or are you looking further afield?

This is helping cap rates stay compressed which is good for value and means your refinance could allow better relative cash flow.  

Yields have really compressed, I wouldn't invest in an NYC suburb - however, NYC has become appealing for the first time in quite a while. 

STRs have evolved in recent years from a “buy anything and it will cashflow” type of asset class, to today where there is a lot more competition, yields are more compressed, and more value add operators are beginning to enter the space.

And congrats on your house hack, Flipping in is pretty hard rn tbh, with margins compressed and labor and materials through the roof.

That means more renting, that means smaller spaces, more multi-generational living, and a market effect of "market compression" which itself drives up prices and rents on lower entry homes even more while pricing drops on the higher. 

Second, companies that have a lower barrier to entry generally suffer from price compression due to competition. 

Remember that growth (demand) + limited supply = value increases, cap rate compression, and lower cash flow.

  $150K or above is still possible but very tough to find those deals, and with interest rates rising cash flow is being compressed.

Here the trust controls everything. so the rental rates are like 1.875$ per day it do not cover mortgage payment of monthly when calculated as here cap rates are very compressed because of tourism sector.