. : )  ) and you have about 600k - 160,000 = 440,000 equity gain through cap rate compression.

Waiting on the sidelines because  of cap rate compression IMO is very shortsighted.  

Wells the problem is if you are talking about single tenant net lease that market is cap rate compressed.

With note investing basically a business-to-business transaction, the time frame is greatly compressed for acquisition, and by buying right, there is room in the transaction to have others do the ground work for you.

There is alot of institutional money investing in multi-family which is compressing the cap rates and making it hard to find good deals.

Hi Robin,Like Elliot, we're also invested here in Nanaimo and can confirm that cap rates actually exist here although the last few months the low inventory has been driving prices up quickly so it's currently compressing down.

These days, not so much.Moving income from a high bracket tax year to a year with lower ANTICIPATED income is always popular, but with bracket compression may result in very little savings.  

If however you are buying at a time in the market cycle where multifamily is frothy and almost peaking you are just buying for cash flow and not much cap rate compression for equity growth.In that situation it is a lot of risk for a small reward.    

Would you recommend new compression shutoff valves or could I go with shary bites?  

The stubs coming out of the wall were 1/2" copper, and the original shutoffs were compression fittings.