One instance was caused by a small dripping on the compression valve behind the toilet on the second floor that was unnoticeable to the naked eye.

Cap rates will continue to compress, and the exodus of investor capital from retail, and hospitality will continue to drive investor demand.

In good economic conditions margins compress, in bad economic margins increase.Who is buying?

I got a monopoly here :)I have 1,000 apartment units and I am still buying as rents are increasing and cap rates are still relatively high (although like rest of the country, it's getting compressed).Having said that, here's a post I just wrote about the report in Washington Post about 8 states which will have 50% of US population by 2040.

@Jared Murphy unfortunately what you are seeing in today's market is that cap rates have compressed to where they don't make sense for most investors.

Cincinnati Ohio is great since that's where I invest in :)Rents are increasing, cap rates are still high and still getting compressed so there are still MF opportunitiesThere's a report in Washington Post that says that by the year 2040, 8 states will have 50% of America's population.

As the prices get bid up the cap rates get compressed.

I know California as a whole is a compressed and tough market to invest in, but was curious if there are any investors out here that have had some luck with it.

While much more complicated than this, I believe it boils down to fee compression occurring simultaneously with expanding education hurdles and increasing oversight/regulatory requirements (i.e. more work & liability).

This was a primary residence that I turned into a rental so the timeframe wasn't super compressed.