As Opposed to cap rates and are the tenants paying 900.00 a month going to trash my cash flow rental :) We are of course on the same page regarding agents I have had hundreds come through my brokerages and 80 /20 has been alive since day one.. 20% make 80% of the revenue..

Taking away the garage from the existing tenants will lower the rents on those units.Currently they are:4 bed 2 bath rent = $2,000 3 bed 1.5 bath rent = $1,600I think the 4 bed 2 bath is the one with the partial conversion, and three units might look like:3 bed 1.5 bath = Rent $1,500 (no garage)1 bed 1 bath = Rent $1,1003 bed 1.5 bath with garage = $1,600Don’t be misled by the 6.6 cap rate in the listing, they are just using gross rents which is incorrect. 30% (25% expenses and 5% vacancy is standard in our market), and this is really a 4.7% cap rate.

Location & Demand: Prime neighborhood with high tenant demand, no more than 2 weeks vacancy over 10 years.Strategic Positioning: Rented/sold at market's lower end with a 8-10% annual cap rate.

Lenders will cap you at 75% LTV and may require proof of at least 12 months reserves.

Or everyone's favorite: "expand your cap rate 10bps every year you plan on owning".  

Does that affect the $750,000 cap on interest deduction?

Now I just want nicer properties in nicer areas even if the cap isn't as high. 

Perhaps agents need to reconsider that and offer some tiers and some capped rates.

I have used most of my traditional financing cap with earlier purchases so now I'm using creative financing like seller financing and sub-to purchases to keep growing my portfolio.I'm currently focusing in Tennessee on homes under $500,000.

(Of course, you can't do STRs in Breckenridge anyway because of the caps.)Goal is almost exclusively personal use.