The yields I'm seeing on a lot of residential and multifamily properties in and around Tampa are depressingly low 5-6% caps.  

That's assuming the market you are in isn't sorely depressed.

Beautiful country, although the RE around there had been quite depressed for the last few years - which spells out a GREAT OPPORTUNITY FOR YOU!

@Bob BowlingMaybe Tim wants to enjoy his life now, not 40 years down the road when life is uncertain.I think down the road, but I get depressed thinking about preparing for when I'm 70. 

The only thing that may sway lenders to do this is a huge depression that have banks trying to get paid quickly.  

Sure i was depressed for 2 days but then i realized something i spent the last 2 years learning how to make money doing something i seriously like and i never want to go back to a day job again.

This is a depressed city and the poor condition of the building makes me think it will be on the market for a while.

Bremner  the reason there are so many podcasts and other interest in wholesaling is because its the no money get rich quick dream.. its just all dreams.this leads to the blind leading the blind.. and a lot of pretty messed up transactions .. along with sellers getting damagedwhen you say the service is needed... the only place I see it truly needed is in really depressed areas and very cheap areas were homes are really traded more like used cars same price points same quality of folks..

Are other landlords here keeping the last month's rent depressed on rent raises?

The market there is relatively flat due to the depressed oil industry, but I see it as an opportunity vs. dealing with emotional buyers in Toronto.In southern Ontario, those that I know who have been investing in multi family have been in the KWC area and Hamilton.