Hi all,There is a growing probability that I will be relocating to Santa Fe in the next year or two and am creating this post to help me get the lay of the land down there.First off, I currently live in Colorado but have been to Santa Fe and absolutely love it.

Your current price around $2200 has you competing with full service buildings with amenities. 

I will get the Title V inspection done to know the current condition of it and then decide.

The downstairs unit (1 bed/1 bath) I'm currently living in but I need to move back to Los Angeles at the end of the month.

What’s a realistic IRR to expect on a long term rental in the current market?

Currently, I find myself in a situation where a significant sum of my cash is held up due to complications between these entities.

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

I think we could all agree there are basically three answers:A) Stay the course - keep adding 10 bps for each year held based on stabilized market cap rateB) Take a little risk - use the current market stabilized cap as the exit cap tooC) Throw caution to the wind - use a cap rate that is less than the current market cap (*If you pick this answer what method are you using to predict a cap rate)Which answer would you pick and why?

Not doing an inspection is going to hurt you, especially on this low priced home.

Kansas is a low cost of living state.