So that’s why cap rates are so dangerous when you look at them in isolation - they are a snapshot at a precise moment in time but they don’t tell you how your investment will perform for the next 5 years and it doesn’t take into account the economical cycle.If you really want to do yourself a favor, take a CRE financial seminar , buy books, educate yourself on financial maths and soon enough you will know why the veterans are never negotiating on price but on return (yield cap rate, IRR, etc) and you will do the same!

It requires attention to detail, precision and patience.  

With this expansion of interest, some of those in the compliance space - including state regulators that oversee custodians - took a closer look at the code and determined it was not precise. 

It's precisely the reason I did not buy a single property in the SF Bay Area where I live and work.

(I realize I cannot control the outcome of investments with that level of precision, but I'm using those numbers to illustrate a point).Feed back would be much appreciated!

Much of what applies to single family home investing applies to small multifamily just at a multiple.  5+ units is a whole different animal with it's own set of benefits and rules.Give us a little more about where you think you are headed and goals and maybe we can steer you in a more precise direction.

You can certainly try to piece together an approximation of the financials, but of course, it won't be nearly as precise as actual financials.

Precisely for the reason that they do not own the property.  

Wasn’t asking for precision on this one.

Things have to be precise!