If this was a Capital appreciation play beyond this return great.  

We will likely evolve our strategy once we start to see the numbers play out.

There are some other dynamics that also will likely play a factor in making the situation great for investors...such as runup in home prices and interest rates probably created a permanent renter class of society. 

I am always cynical of those that post on here stating that they have X number of dollars, but I'll play along.2.

Same issue with a Registered Agent.Either method are fairly inexpensive and very easy to do yourself.  

Hi Everyone, Im looking to get some advice on evicting a former owner who isn’t playing ball after a foreclosure sale.I purchased the Property on the 5th November, it appeared to be empty but turned out to be occupied.

Do you want to be in a growth play which has higher risk and higher upside?

I think it is fair..

In other words, the cap rate becomes fairly meaningless upon transfer.Your job is to assess whether or not you can make a good profit after buying the asset at whatever the sale price is. 

And too play a little devils advocate..