Just joined this immensely resourceful forum.

It sounds like you have a lot more details behind the scenes, and while these details should not directly guide your decisions, they can guide your plan which will in turn guide your decisions.Still, I do see some gaps:Philosophically, I'm real uneasy with selling real estate during the portfolio growth phase.  

The new Wings arena will help spur the growth. 

I don't think my valuation of the property and future growth was accurate in my calculation. 

I would make sure that you are investing in an area of the US which has strong employment and growth.

We're experiencing tremendous growth and are trying to get our infrastructure caught up.  

If the market is buying at a 5% cap it could be that the market believes that rent or appreciation growth is imminent.  

what cities and counties have a good growth rate for multifamily investing

Miami, FL or Miami, OH.If you are positive cashflow, and you are in a good school area, and a low crime area and a job growth area, then the $750 doesn't bother me  

I lived there when I first moved to the area and just the growth that I've seen in that short amount of time let's me know it's going to blow up over the next few years.