In the long run it can actually boost appreciation because supply is so limited.

Hi Will,Yes, about 7 factors influence cap rates and two are the ones you hear most about and that is interest rates and supply / demand for the asset. 

I think it would be appropriate to lay out my long term goals, as that influences how I begin my real estate journey.- Replace my monthly W2 income with passive real estate income- Pay off my parents mortgage- Have $1,000,000 net worth (what a small minded goal right lol)- Employ at least 3 family members with my property management firm- Eventually retire from a W2 job and become a full time real estate investorMy options for my first property are:1.

Apartment brokers will surely be stepping up their aggressive calls to apartment owners to amp up this new ordinance to boost their commissions and listing inventory. 

Looks like appraisals are influenced by the sale price of subject property.

Or were there other benchmarks - knowledge, experience, network of REI, etc - that influenced your decision and timeline?

You are trying to influence an outcome (get an appointment to view/value the home) not just make conversation.

You Save the relationship with the seller and you boost your reputation as an investor.

Chris,There are a ton of factors that could influence it differently but, for insurance, I'd say your looking at .75c-$1.10 per 100 of insured value....

Be sure to drive this neighborhood thoroughly before pulling the trigger.Another area to consider is the Del Paso Heights / Old North Sacramento area, basically all of the 95815 Zip code.They are also trying to gentrify that area as well, but it's second in line to Oak Park, so you won't get as much help with the boost in property values down the road but you'll also face less competition from other investors and rehabbers.Once again, it's a street by street basis in this area...