You can find more info at  https://www.propertymetrics.com/blog/2016/03/10/ho...A couple of comments:- Cap rate is a property specific metric and is commonly used to compare one property against another.

Fire away with questions and ill try to clear up the financials as much as possible to make sense of this and i can hit the broker up with specific questions to get a better picture of the deal as a whole. 

Fire away with questions and ill try to clear up the financials as much as possible to make sense of this and i can hit the broker up with specific questions to get a better picture of the deal as a whole. 

Is there anything specific with the laws or the area in general that makes owning rental property more difficult than normal? 

There's several layers to this, so I'll try and be specific.

I'm specifically looking to Home Equity Loan out of a property that I finished rehabbing.  

Even if it doesn't work for this specific deal, it's great to connect with these types of buyers, as it offers wholesalers a chance to not strictly focus on "equity" deals, opens you up to an entirely different market. 

On my nine unit apartment building in Berwyn, IL, I specifically made sure I went with a lender that did not have pre payment penalties.

Whenever I see this, I tell people to be more specific about these inquiries.What is your expectation from the realtor, what is your price point, what areas  you are looking into...It is better for you and for the realtorGood Luck !!

Some banks may want a full year because of their overlays (bank-specific rules).