Do your homework and research market cap rates in a region.

So I've been reading that cap rates are heavily influenced by region.

This may be regional too.

Is it region specific or something?

Many of my clients have had great luck with some national & regional firms.

A few exist in Takoma Park (Rent control in the city limits).To put it in perspective...2 units, Howard, Montgomery and Anne Arundel Counties had 5 sales in the past 365. 2 in Annapolis, 1 in Elkridge, one in TP and on in SS.Multifamily 2-4 unit properties are incredibly rare throughout the entire region.

Buy low, sell high.....the successful ones seem to have mastered this regardless the market/region, along with the ability of getting creative if/when the market turns and they need to adjust.In our market (Midwest) it seems as though everyone is winning as a result of growth and demand.

Does anyone know where i can get historical transaction sales data by a region (i.e sales price, sqfoot, etc..., sale data) of all properties sold in a particular region in an excel/csv format? 

Lots of diversification in asset classes, regions, and teams. 

Each neighborhood or region of town has its own inventory data.