Thank you folks!

I want to take the plunge but have mental/knowledge blocks and once I can get some answers from folks who have done it, I know it’ll happen.For context I’m an attorney and have worked mostly with Real Estate PE clients so the field and lingo is not foreign to me but doing it myself is very different.

Hi, I'm curious what are current expected/market cap rates for multiunit apartment buildings in Rochester nowadays?  

You can also find other investors and pros who are active there - these are great folks to reach out to! 

That is an a$$ move to prevent other from getting in for years to come.Yet the town is to determine which goes to what class and that could also mean a lot of folks have their primary residences rented which may allow for a couple others to sneak in after the new ordinance is in place, but I think that is highly unlikely.Either the VR sections will need to renew annually permits costing you $250 each year per unit.If you don't you lose a spot, If you sell you lose a spot, if you don't comply they revoke your permit and you lose a spot. 

Hi Folks,I just closed on my first duplex in the Twin Cities. 

I realize you're posting in the Cape Cod thread but some folks do not actively watch these threads.

Note that tourism in the region is seasonal since the summer heat keeps folks away.

I'm just getting started on my property investment journey and learning from folks like you is tremendously helpful!

If they send a "home run" deal out to a hundred investors or so then more than likely the emotional bidding will strip out all the fat off the bone with the only folks making money are the lender and contractors.