Quote from @Andrew Steffens: Hey Josh - I manage 2 properties with Golf Carts. 

Do note that you will still owe some tax in the form of depreciation recapture for the time that the property was used as a rental property.

The property is in Georgia, and the current rent is $950.00 for the property.  

As an investor you should not be relying on the realtor selling you a property as the sole factor in determining it's market rental rate. 

Quote from @Caitlin MacMurtrie: I am looking to buy a duplex property in the Norwayne area of Westland, Detroit MI for 185k.

Congrats on your 11th property. 

And my options are: -One $800k property in CA (25% down), or-Two $400k properties in ID (both at 25% down).If we take the 2015-2020 5-year appreciation (so as not to include the roller coaster and unlikely 5-year market we experienced from 2020-2025) for each state, the CA property would see an average appreciation of 37%.

I would strongly advise you to pay a visit to the City and walk/drive it with someone who knows the various neighborhoods and property values.Much of our multi listings come tenant occupied.

I am also involved in management at one of the largest STR property management firms in Cashiers.

The cap rate is one tool among many and this one is really only able to give an apples-to-apples comparison about the sale price across multiple commercial properties.