Cap rates are one metric to use in these but do your underwriting based on multiple metrics, not just the one.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

The next buyer won't want a $5-10K a month loss, so they are going to buy the house at an appropriate multiple. 

Some households receive multiple filings, and not all filings result in evictions.That ranks Phoenix ahead of other big Sunbelt cities that in recent years have also seen an elevated number of eviction notices, including Houston and Las Vegas.

They have answered your question pretty well here, but I would just be sure to track your basis very carefully when looking to doing multiple 1031 exchanges with depreciation.

@Andrew Frishman - here is some food for thought to get you started: https://www.biggerpockets.com/member-blogs/11782/84402-how-to-evaluate-a-sponsor Feel free to DM me with any specific questions, I have invested in multiple deals as a LP and as a GP.

So it’s beginning to sound more like they may have all been working together.The SIGNED HUD by all parties we were provided didn’t have the prior lien holder on it, so there is certainly deception, fraud there for knowing but intentionally leaving it off the hud by the attorney for sure and not disclosing it, but otherwise no, I’ve not confirmed yet if this was all of them working together or just gross negligence on her end and then a situation between borrower and lender no one at the time knew of that just happened to be multiple issues that were later discovered because of one mistake of the closing attorney when the lender and borrower might have thought it legit was closing and no one would have known and then all would have been fine.and yes, TO THE PENNY, the amount they needed from me ended up to be the EXACT amount which was then wired to the lender to satisfy their lien, BEFORE FORECLOSURE BTW. 

They come in waves from this “company,” often multiple times per day, often from sequential numbers, a wave lasting for weeks at a time.

So this is a very common business practice across multiple professions associated with the construction. 

I've worked with multiple investors who are investing from out of the country.