How does anyone make any money, in the current environment of low cap rates, where finding an 8 cap is not easy, with 8% interest rates? 

If you have a few vacancies with 3-4 doors that would be bad.With the current rising interest environment right now and NO experience doing commercial Apartment complexes (being a newbie), I would just get 2 or 3 front doors with that $100,000 right now and keep that $15,000-$20,000 in reserves too.Swanny

@Charlie MacPherson I'm definitely open to other areas that are more target rich environments.

My other option is to own my primary free and clear, but 4% savings in a 3% inflationary environment is idle cash indeed. 

I have ideas similar to what is already being done in several states, things like "tiny house" villages in urban environments, to farm/ranches. 

The purpose of the Multi-Family Residential district, also known as the R3 district, is to provide space for multiple family residential development commonly found in an urban environment.

It can create a toxic environment for the other tenants in the building as well. 

Also, 5-6% gross yield in a non-city environment doesn’t sound very competitive at all for single-family home rentals or multi family.

Some agencies just want to see the boiler point stuff in there and make sure you are not acting with out compete disregard for the environments.

In a highly competitive environment, a good market, etc.