A 3 cap in Indianapolis is different than a 3 cap in Los Angeles is different than a 3 cap in rural Mississippi :) Look at other factors as well, such as population growth, job growth, income growth.

Also if in Los Angeles after this november elections expect to have to pay the extra 4% tax on Sales over $5 million and 4.4% if price is larger than $10 million

Hi Kira, I see your location coming up as Los Angeles but also Kansas? 

There is a lot of demand for duplexes and other house hacks in Los Angeles, as rent and prices of homes continue to increase even with the higher interest rates. 

Hi,We have a primary residence and one duplex as investment property in Los Angeles Area. 

I have a property out here in Los Angeles specially Long Beach I listed about a month now and been mostly crickets.

Quote from @Marek Los: Thank you! 

It is in the Los Angeles market and is bound to further appreciate over the years.

Louis might be like Los Angeles, where a lot of the multifamily properties aren't in the most desirable areas unless you are willing to pay a premium.You also have to think about your long term goals.

For homes greater than about $250k in Los Angeles (which is now all of them!!)