I completed 16 BRRRR's in Mephis, TN last year.

Loved your last podcast!

Mortgage interest rates are not “calming down” as I said last week.

No appreciation last two years due to rates.

Keep in mind, the transactional costs of selling a property in Philadelphia with the high transfer taxes and brokerage fees (althoug these are expected to be reduced in light of the landmark NAR settlement that occurred yesterday), adds additional transactional costs, especially in instances where the home was purchased as recently as last year as is the case with your home.

Lastly, review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

Adding onto what Kieran mentioned above.In the Bay Area in general, and same too in San Jose - it's an appreciation market (properties in San Jose appreciated 12.1% last year).

I have been looking to purchase a second property as an investment for about one year now and it wasn't until last year that I began actually touring multiunits in Chicago and in the Chicagoland suburbs.  

So they are often overstretched with resources to reply to offers or buyers.I think when we last conversed was a few years back.

I've been in SMF for the last 5 years in a nearby market and studying this location for the last 2.