This is not going to be cheap.

I have a deal I am currently looking at in Chesapeake Virginia, and I would love your thoughts on this:12 units 1bed/1bath apartment built in 1912 (renovated in 2018). 9536 SF, the asking price is $995,000 at 8.07% cap rate with a NOI of $80,106.

There's an off-market tenant occupied portfolio sale with 5.99% interest rates for investors. 

While housing is objectively more unaffordable with current prices and interest rates, when will this be reflected in the overall home ownership data?

Yes, we call the employer directly using a number found online, not the one provided by the applicant, and we verify their employment and pay rate.

Then ask why the property tax rates for hotels on Maui hasn't increased in over two years, yet they continue to raise it for STR's as well as non-owner occupied residential properties.

I know that interest rates are high, however looking for opinions on these numbers.

Also just to add, we did provide an entire packet for the appraiser of the updates, added value, AirDna data with occupancy rates and market data of neighboring comps.

I could see investors flipping these properties but you'd have to push the market really hard or have extremely cheap labor costs (probably both).

I just think that (1) OOS is more difficult than advertised and (2) higher rates have hurt 'cash flow' at every price point.You have Scranton, Allentown, Lancaster, etc. within a couple hours of you.