@Jim Watson  Inventory is tight and competition is fierce in A-B class areas for 30+ units.

We have A B C class properties so cover a wide range of doors.

The property is in a B+ neighborhood in NC.

Do you want A-B properties or do you want C-D properties.

anyone know where you could find what the national average cap rate for class a, b and c?

You won't be able to give any notice without "just cause eviction" basically you can never get them out of your property...Here's background info on the rent control changes in Calihttps://www.buildium.com/blog/ab-1506-threatens-re...https://nonprofitquarterly.org/2015/09/14/landlord...http://www.latimes.com/business/la-fi-costa-hawkin...

But an area where 35% of the tenants are on some sort of social assistance, higher turnover, occasional drama that you would never get in a B or A neighborhood.

Cash Flow is $50 month (would be higher but condo fee is $157 month)-Retail Market Price $125K  - $130K (next door unit just sold for $126K)-I owe $89K-It's located in a A- / B+ neighborhood.The question is I have been going back in forth on is do I keep renting for another year or sell it and take my profit to the next project which is TBD.  

In A-B class areas of Queens (Astoria, LIC, Sunnyside, Middle Village, Forest Hills, etc.) you're typically competing with buyers putting down 20-30% down minimum. 

Numbers and returns are based on a mix of hotel rates and Multifamily Class A/B lease rates.