If that's not the monthly income, you are arriving at your cap rate by using incorrect expense ratios/expense figures and/or the property benefits from an extremely favorable tax abatement which skews the operating costs.

This will change the roi and cost benefit equation quickly.

Look James, clearly you have some issues where you come up with an idea than just broadcast it, completely skipping any research phase what so ever.

The benefit of purchasing in high cost location is the higher building value, thus greater depreciation potential.

@John Paul, it's time to graduate from "old school" and start living in the 21st century for your own benefit.

It’s crucial to negotiate terms that benefit both parties, involve a trusted attorney and title company, and conduct thorough inspections and market research to ensure a solid deal.Good luck!

However, this provides tax benefits over time rather than an upfront deduction.This post does not create a CPA-Client relationship.

Neutral colors work well, and energy-efficient upgrades not only attract buyers but can also qualify for tax benefits.

You might benefit from using the agent finder in BiggerPockets

Finding a good position in the market comes from understanding how to navigate the current phases of the market and how to successfully perform during the current phases!