Placer County on the CA side has a cap but hasn't hit it.Forward looking occupancy in my north Tahoe comp set of ~100 properties is up 15-20% YoY. 

REI at a cap rate of 7 is a 14 PE ratio.Which asset has the great chance to gain or lose.  

Cost and expenses and it shoots out a CAP rate.

If I get a stain that is particularly hard to get out, I take a cap full of bleach and dump it on the stain.

How can I safely put a cap rate just based on my asking price and NOI?

There are much smaller homes in worse parts of town renting for $1600+ currently.There is not a cap on how much I can raise rent here in SW Missouri, and my thought process was to keep the rent a few hundred dollars under the market rate so that if they decided to look around, they’d realize they can’t find anything comparable with the new increased price and stay anyways.

With Proposition 13 in California, there's a cap on property tax increases at 2% a year from the base value of when I acquired the properties.

Hi @Tony NguyenThis is true but also is going to have a a few contributing factors, such as the type of rental and how much you are engaged in running the property.It sounds like your research is specific to LTR properties which do have a cap.

(An idea about the numbers. 3X (three times X) = a cap rate that you would consider a good deal even for a REI professional living and working in Toledo.

There is a cap on this so once you've hit a certain production # for the year, they will go back to giving you 100% of all transactions regardless of whether or not they are your personal transactions.All the best to you on your search!