I make these suggestions because they all explore very different types of real estate investing and passive income creation. 

I can't speak to other geographical areas, but here in Phoenix, our current rising home values are being fueled by job creation.

It's what I specialize in and I don't sell houses so all I focus on is deal creation and finding the next one for my clients.

And though I’m in Flower Mound for now, I’m saving to buy an $800 month home creations house in OKC or Tulsa with my wife in next year or two!

I would run that thru the BP calculator or one of your own creation.  

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.