I need to measure/evaluate if that equity's performance is where I expect it to be.

As others have said, you need to look at the whole picture.Somebody buying an oceanfront property in Laguna Beach might be happy with a 2% cash-on-cash return, because they are banking on appreciation.Then somebody buying a 12 unit apartment complex in Cleveland might not do the deal unless they are getting a 15% cash-on-cash return because they are going to see very little appreciation and will need to deal with headache after headache.If just evaluating the cash flow, a cash-on-cash return of 10%+ is right to me.

Simple answer as to pros/cons:Pros: easier to get approved than conventional without your personal income/employment/taxes/assets/DTI being evaluated, i.e. lighter paperwork and more flexibility, usually faster too.

Your input definitely adds an important dimension to consider when evaluating investment opportunities in different markets.

Make sure you document the timeline of events and get as much documentation from the people you evaluate the situation.

You’ll likely need a property management company, which adds to your expenses.Increased risk: Without local knowledge, you might overlook neighborhood trends or property issues, which can be harder to evaluate from a distance.3.

Congratulations on the progress!

Hey William, congrats on your progress!

. ;-)  Actually, all the progressive s**t didn't start until 2019. 

Typically you would only see minor increases in the market so taxes were pretty steady, but when three houses on the street sale for 50% more than ever sold before they go through and re-evaluate all the houses.