I always encourage "kicking the tires" comparing options and "Apple to Apples". 

Compare that to the 3 flat I own where I have 250 equity in it and the tenants pay the mortgage and taxes and I net $2000 a month.

The capitals gains hit would be around $38,000 but I feel like that is the smaller number compared to reinvesting now via 1031 and paying these super inflated prices only to be in the hole later.I am contemplating selling and holding for a few years or possibly using the sale to pay of my primary homes mortgage which would save me $135,000 in interest.

Are they really in comparable shape to those that are renting for 925? 

@Tyler Stone if you can't find someone to hang your license with, I would not view the time you spent on the salesperson courses as a waste/mistake.I often recommend to new investors that they consider sitting through all the pre-license courses (even if they don't ultimately take the exam) as they're a great education and introduction to real estate, and very affordable compared to the information gained.I also tell them that since literally anyone can become a real estate agent, the class (especially an in-person class) can have some... colorful characters🤣Even if you never become an active agent, it's a very good set of introductory knowledge about real estate, and it's also very helpful to know when dealing with agents in the future - as you almost certainly will at some point.

I've noticed some weird rental market trends, and I wanted to compare notes to see if your experience is the same as mine. 

Sure this has added a little bit of stress to me, but I feel like it is miniscule compared to other things they could be doing and now that I've been through it once, it is an easy message to the PM that won't stress me out anymore.  

But, the cost to update the interior is nothing compared to replacing the aging infrastructure.

This is how you do a quick comparative analysis on it;1) Look at the all-in costs of selling and buying.

Every unit was huge compared to units in California.