Background-wise, we've primarily been doing the BRRRR strategy out-of-state but we've shifted our focus locally and are working on a short term rental unit in our daylight basement.I'll shoot my contact info in a message.

We also upgraded the flooring, expanded the bedroom by shifting the bedroom entrance and upgraded the closet too.

Investment Info:

Single-family residence other investment in Jacksonville.

Purchase price: $299,975

Currently operating as my primary residence and am renting two rooms at $500 for a total of $1000 a mon...

By the time it came around for me to do an FHA streamline rates had fallen substantially allowing me to get to a now 2.75.

By the time it came around for me to do an FHA streamline rates had fallen substantially allowing me to get to a now 2.75.

By the time it came around for me to do an FHA streamline rates had fallen substantially allowing me to get to a now 2.75.

I've noticed a mindset shift in me.

On the commercial side, it's a similar story in terms of cap rates (they are fairly compressed, but like any general rule, not the only basis on which to evaluate a property) however this is offset by having NNN leases so increased gen-op costs are shifted to the tenants, and value-add opportunities as a way to "force" appreciation as well as generate additional income.  

Then the market started to shift late 70s and when I went to buy my first home in 79 Cupertino was already just north of 100k  I mean who could afford a home in Cupertino or 100k to 125k..

Shifting markets to Snohomish, Skagit and Whatcom county (I-5 Corridor) we got very specific and upped our price point and minimum cash flow requirements.