Cap rates are very compressed in small multifamily deals right now.

Considering the eviction moratoriums, compressed CAP rates, etc., the future is unclear. 

Compress your rehab timeline so you don't impose too much time away for the tenants from their household goods then assist with getting them situated into the newly rehabbed unit. 

Is the market just that compressed right now, or is this more standard for larger number of unit deals? 

It is also worth noting that people will pay more for properties that are well run and deliver higher income, and that way you might compress the Cap Rate.  

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.