This is why I do not have a PM, really, I am small fish under 12 S.F.H in an "A" to "B " area.

I am into SLC, because, I love to trout fish in Idaho.

It starts about halfway down the page when you go there:"File Form 1099-NEC, Nonemployee Compensation (NEC), for each person in the course of your business to whom you have paid the following during the year:At least $600 in: Services performed by someone who is not your employee (including parts and materials) (box 1);Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish (box 1); orPayments to an attorney (box 1).

And if I am going to do the appreciation game I can wait a decade or two to see what happens in the environment of the city.

Yeah I am just a small fish at this point!

(Give the newbies some fish)2.

If I am operating today in a 3 cap environment, but I know that in 2012 at the bottom of the cycle a well-operating like-asset could be sold at 6 cap, then by reversing 150 bps to 4.5% I am underwriting at least 50% of the risk of a repeat of the great recession.

As inflation remains at a high level the FED might be forced to act sooner than a lot of people think and you would kick yourself if you didn't take advantage of the current low-interest environment.

This being said the current environment is concerning to me with all time low rates and the Fed signaling they will begin to tighten next year into 2023.

From what I understand, being a cash buyer would help in the current competitive environment (although I'm not sure if I would be considered one if I had to do a cash out refi).