I like the search features: https://www.biggerpockets.com/search

Take advantage of the networking opportunities and best wishes to you.There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesI really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alerts

The $500k cap has been proposed, I doubt it will happen - there's just not the political will.

GRM is more commonly used for 1 to 4 unit residential properties compared to CAP rates which are for Commercial properties.

@Raymond MacasaetHave you tried the BP networking events feature to see if there is a meet-up in the area.

I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

The duplex features a 1/1 and a 2/2 with the ability to convert the 2/2 into a 3/2 as well as add an ADU under the house. 11 ft ceilings throughout the house.

The duplex features a 1/1 and a 2/2 with the ability to convert the 2/2 into a 3/2 as well What made you interested in investing in this type of deal?

Yes, cap rates are extremely lower compared to other states such as AZ, MD, NC, etc, but value-add/building equity is much more significant.

You’ll pay about $10-12k in closing costs, which leaves maybe a $65k gain which is only another $10k in cap gains and 2 years of depreciation recapture at 25% (almost nothing.).