To me the higher cap rate with steady tenants are all that's matter.

It generally only addresses the risks of individual issues with your notes in a steady state market such as a bad underwriting job, a bad event (think hurricane etc.) in one note’s property, bankruptcy etc.

I'm especially intrigued by "rehab and value-add opportunity," the 14 vacant units, and the property's proximity to such a large military base providing a steady tenant pool.

@Shawn Holsapple - Nothing wrong with the slow and steady strategy!  

Leverage the J.O.B. steady income.

😉 As for the market for housing and jobs, housing is good, development on the westside continues while the job market is steady.

My story is a slow and steady pace of my first year as a real estate investor.My wife and I bought our first property, a 3 flat in the Portage Park neighborhood of Chicago on June 5th, 2015.

I know how these things go.So think about it  fully rehabbed 40k home.. that home has to be bought for 5 to 10k  because if you want a home that is rehabbed it needs at least 15 to 25k of work done to it .. so it does not eat you up in cap ex.. so lets say the company wants to make 10k  ( pretty common for house flippers) so the most they can be in the home is 30k  so you are buying the lowest of the low at wholesale values the worse of the worse areas.. and on the face these do not equate into long term steady cash flow vehicles. they just don't  they only are sold to those to new or naive to understand this won't work long term....

Hello All,I'm interested in some valuable feedback on the multi-family real estate market in Greensboro, NC.My research has been formulated from various sources; however, I would like to hear from a few BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates in their comp set?

Hello All,I'm interested in feedback on the multi-family & SFR real estate market in Greensboro, NC.I would like to hear from BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates for multi-family properties.I would also like to connect with residential & commercial real estate agents for any current/future opportunities.Thank you in advance