On the podcasts, the term refinance is used frequently but I am not sure how it applies to this situation.

Unless there is something off the books on this deal, my guess is IRR will likewise be unimpressive when compared to money put in a hassle free investment like S&P Index Funds.In regard to your other questions: S&P Funds can and are frequently leveraged via margin accounts. 

Reading a bunch of these articles and comments we forget these tenants are also our customers if they are not paying and it's the first month that they've done this often times some Grace is allowed especially if they are communicating the situationbut if they're doing this frequently and not communicating and likely short paying every month then quickly move to have them effected each state or province has their own system best to research that or hire a paralegal

Yes it’s seems more costly to hire a PM for Airbnb since they’d have to come in so frequently.

I’m excited to say that yesterday, I vacuumed my truck.

The Milwaukee area has numerous REIA groups that you could frequent.  

Hey All,My name's Cameron Huard and I'm an aspiring real estate investor and frequent BP podcast listener.

Finally:"Do not dust, sweep, or vacuum debris that may contain asbestos.

These things are done frequently but rarely make a lot of sense. 

Anyway cap rtes are thrown on here frequently and the way theya re defined on here befuddles me as I am used to the Walgreens / Targets of the world and ( typically A+ tenants in the 5 range A Multi family will get you high 6's low 7's in various markets ) cap rates determine value  eg...