Probably for the better the city recently instituted a CAP on new licenses.

Additionally, I have a capable team assisting me

However, it is also customary for the Tenant to insist on a cap, or maximum, that such Additional Rent may be increased, so this may be a negotiation point at the outset of the lease.

Some carriers have a cap on the rate they charge you, which gives you a better change at a positive arbitrage.

There is a cap on how much you can put in each year.It could be a good vehicle for cash down the road.

For example, if you expect this property to be have a CAP rate of 10 after you repair and it comes time to sell, maybe run your numbers at 11-12 and still see if it would be worth it.

Best of luck.Dimitrius Kiritsis hit it right on the head, if I had to add anything from my experiences, learn what a CAP  rate, NOI ROI is in your, of course you'll need to look at rents for similar size apt units, I say the main thing is knowing how much the property is bringing in and how much is going out.

By year 3, most investments we look at have a cap rate (yield) of 7.5% with modest rent growth or 6.5% without rent growth.

We own a duplex in a city where there is a cap on the number of vacation rentals allowed EXCEPT in certain areas which are called form districts.

There is not a cap limit on the amount of loans you can have at any given time.