Hard to believe. 6% cap is ridiculously good. In fact, according RE blog, can get 12% gross yield and 6% cap in Austin… but haven’t encountered any. Btw, I had mentioned a few times on this blog that going to Austin is because for the price range of $300k, Austin tenants are professionals (mostly IT and executives)… less chance of encountering difficult tenants. I’ve visited East Bay a couple of times before deciding on Austin.