That's what we see nationally and it makes sense!

You can get 2 houses in B areas in Montgomery for $250,000.  125k house will rent for $1,050 -1,150.And, second lowest property taxes in the nation behind Hawaii.

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

Especially if it is a big national bank, they take forever.

The mortgage terms might be a little better if the buyer got the big sexy national tenant with 17 years left on a NNN lease, but that's not our scenario. - 6% cap rate reflects a nice safe part of Los Angeles, California, a prudent investment, not one that will make anyone rich overnight, but a place that higher net worth individuals park wealth to preserve it (imagine the depreciation write-off). 6% cap rate also tells us, right off the bat, that we're going to be in the ballpark of 60% LTV.- We will stipulate that this is hypothetical. 

I'm on the board of CFRI, the local chapter of the National REIA and would love to have to come out to one of our over 2 dozen meetings we have each month.You would add instant value to us and think you gain some as well. 

Not sure if that matters for the national programs.

Not guaranteed, but very safe and boring national level companies that will not go out of business anytime soon.

Other cities seem to embrace it....think Myrtle Beach Area, A1A area, Smokies, Joshua Tree, Ski Resorts, Branson....probably almost every national park is overwhelmed with visitors the past few years.   

Don't waste your time or sanity on the larger national banks like B of A, Us Bank, etc.