They will go down sooner or later, and if deals work at the current cost of capital, then they will look even better when rates drop.Maybe it's time to evaluate other markets?

If solid comps are showing 120k, you should be good, "if" you have solid rehab numbers.When I run numbers for a flip, I take the worst case scenario on everything, then if I still have 20k profit(after commissions, holding costs, insurance, closing assistance) I will proceed. 

Marketing costs right now are roughly $1500 per month to make one wholesale deal of about $15K. 

Factor in an eviction cost and expectation if needed when you are looking at numbers. 

Because I didnt take the metal to the dump which was 2 tons that would have COST me $200 . 

I would simply prorate the cost and bill the lost warranty value back to the tenant.

With the cost of homes in SD, I don’t think we’ll ever have remaining entitlement.

I would do research about the process of getting licensed in your state and what costs are entailed, then see how you feel!

I am new to the community, working on acquiring my first small multi family property, likely through syndication depending on the scale of the property and associated costs.

Market fluctuations, maintenance costs, and the complexities of managing tenants are aspects that require careful consideration and planning.