I am interested in multi family too, but MF have been hot for many years, Cap rate is very compressed, I am wondering if it is still safe to buy at this stage of  market cycle, and how to weather down term if market goes down.

No matter what, there is no way you will compress this entire process (plans, permits, construction, listing, escrow) into the 50 days you indicate.

As an example, the ultra-lux area in NYC has seen price compression due to issues related to the foreign buyers that were buying these properties.

The multi-family investor will tell you that although cap rates are compressing they are making money on disposing of assets and recycling back into value add opportunities.  

I'm curious where you are finding larger multis to buy that make any sense with the compressed cap rates in most areas?

Your timeline is inevitably compressed, because you are essentially looking at the market that exists within the calendar year.

However we have extreme cap rate compression which puts future values at risk as interest rates and cap rates return to historical norms.Cap rate do not take into account CapEx.

That has pushed a lot of capital into real estate markets compressing cap rates.

Are cap rates in Denver so compressed that this looks like a killer deal?

Is there a rent compression problem in the Twin Cities?