I might sell my rental properties in these areas.If you are investing from California, the cap rates in areas like Kansas City and Birmingham are just flat out better than Tacoma or Olympia.

JamesThe law is written that you must live in your home 2 of the last 5 years in order to save from cap gains. 

There is an IGNORE ALERTS FROM USER: feature on the alerts management page.  

Cap X, Repairs, and vacancy are going to vary from property to property.

.@ $225k, monthly responsibility would total ~$1750My second inclination is stay put, but cash-out 50-75% to leverage into additional rental properties that would cash-flow better and have better cap rates...  

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

It depends on what the purchase price is and DCSR ratios.The lower the cap rate or income the more has to be put down to hit the lenders requirements.The difference between your fixed interest rate on the loan and the cap rate is the spread. 

Remember to consider co-commission (the amount that brokerages get paid for your efforts), co-commission cap (if there is one), and desk fees (monthly charges for whatever the brokerage wants i.e. transaction fee, e&o insurance, etc).

Also be aware of the square footage of the properties, as there can be a pretty large variance...also be aware of the styles as for instance a victorian rowhouse will likely have a higher arv than a federal style row house.There are other parts of Frederick you could probably flip in, but the smaller size of these downtown rowhouses really helps to cap your repair expenses since there is only so much you can spend in those small things.

Going by cap rate and the area's gross income multiplier, my deal is great...