Total housing starts lag behind job creation in many California metro areas: San Jose-Sunnyvale -Sta.

But the main purpose of delineating cap rates here, is to understand the meaning of NOI in the creation and assessment of value for an income producing project.Remember: when speaking with sophisticated investors, knowledge of these ratios and the ability to work them and speak them, will set you apart from the rest of the market.Here is a sample proforma:Proforma Income and Expense Summary Construction Cash Flow AnalysisInternal Rate of Return Analysis

From my limited experience and my strategy, 1% is a bonus but it's about appreciation and wealth creation over cash flow. 

Or maybe even writing a short term mortgage for someone, moving away from property management and into a cash creation and management mix. 

The points described here are only a rudimentary starting point for note creation; buyers often examine many other factors.

If you can get the same end result (monthly cash flow, financial freedom, lifestyle freedom, or wealth creation, etc.) without having to go through that process, why wouldn't you? 

Budget: $1,000/mo Google Ads, $200 logo, $15/mo hosting, $0 site creation (my own sweat)Google Ads: 4 ad "groups" (Hassles, Generic, Seller Financing, Evictions, MFH)Lessons and Improvements- Location: Initially started with a huge net, which lead me to a Crack Den.

An LLC is very easy to set up with one of those on-line LLC creation companies. 

I will continue to beat the bush and search for deals locally, but I am also willing to invest out of state for better small MF deals.With that said, what is the best market out there today to investment in small (5-50) multifamily properties for cash flow and long term wealth creation?

Upwork is definitely very useful for tasks like picture editing, website creation, logos.