Thanks for the insight. I wasn’t aware of the 5-year refinance that Bugs mentioned. My question wasn’t specifically focusing on the SoCal market, which I should have made clearer in my first post. The macro factors (dollar weakness/inflation–>higher wages–>higher rents–>increased value of Apt bldgs) apply all across the US. I did some preliminary recon in the San Antonio market about three months ago, but decided the hassles involved with being an absentee owner weren’t worth it.
