We've been able to rent properties pretty quickly, just as long as the rental rate is appropriate!

Here is one piece of advice When looking at areas to invest in check out this website https://www.areavibes.com/ its pretty cool it gives you a total livability score and rating for that areaBest of luck!

@Michael HoustonSo cap rates are for commercial properties so they have no use in 1-4 unit values.

You could buy a distressed deal, add some value (as a team), and refinance when interest rates are more favorable. 

What is the interest rate on borrowing compared to the rate you are earning, then take into consideration the tax consequences. 

This may kill your cash flow due to high interests rates though. 2.

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

There are other suburbs that you may be able to do it in but its not going to have the booking rate you're looking for.

AirDNA shows it on the rise in terms of annual revenue, occupancy rate, average daily rate and revpar, with about 3,000 total listings.

entirely stick frame and if stick frame are you using TJI joists, what kind of structural sheathing/fire rating requirements are necessary?