Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income

Leveraging Antonio's local market knowledge, we quickly evaluated the property's potential.

You need to understand how to evaluate a property and the kind of return it will produce, then evaluate properties until you find one that works.2.

I know the laws are quite against flipping and all that, I wish you good luck and please keep posting so I can see your progress. 

Taya covered for him and lied about repairs being completed when they were not, hid real damage with the progress photos, and so much more.I paid 13k for a roof on a property last November that was never completed, when I confronted them about it, they lied and told us that it had been and took deceiving photos that hid the work that had not been completed.

This will clear your mind and slow down the process which, ironically, will speed up your progress. 

I handle all contractors on defined work progress, i.e. demo complete, plumbing rough-in complete.  

Also I communicated with Todd (the owner) regarding no progress with tenants . 

You could potentially sign up for a free trial and re-evaluate at the end of the year to see if it’s something you’re still into.

I would recommend if you're not too deep into this that you re-evaluate the title company you're using to someone who understands subject to transactions.