My Google research also indicated a lot of overinflated promises on monthly returns from the asset class in general.   

Off-Market with agent: 0-7% CocWholesale: 7-10% CocInvestor-Generated off market: 10%+The more return you want the harder you have to look for it, and the  more creative you need to get to solve someones problems.

As a note, residential properties typically are not evaluated with cap rates, but I think you may have been saying a 7.5% cash on cash return or ROI.

Since you and your wife have renovation skills, targeting properties that need minor improvements can maximize your return on investment while minimizing the time and cost associated with major renovations.

The investor comes in at the end and gets the long term financing and can see a return on investment as soon as we find a tenant.

And saw an opportunity in the Grand Rapids MI market.Property 1 - BRRR 100% in single family home that is being rented out with a COC return of 12%...

@Kasondra Milton- hi there ...thanks ...Raised in the fairport area ...live on west coast now ..last summer I had to return to Roch area to help with a family illness  situation ...I stayed in a AIRBNB that was close to Strong hospital for 3 weeks ...in my search for places - I must say I was surprised at the lack of options ( at least at that time ) ...that being said - I agree with your comment about the fact that Greater  Roch  likely  wont  attract a large amount of renters consitently  ( outskirts  like  finger lakes are a diff story ) - thanks and good luck

I've been having this conversation lately with a lot of the owners I work with as well as those who self-manage.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If you’re interested, I have a project in Washington DC $5.5 million section 8 property with a 2 year 18% return on your money with the buyback plan if you’re interested call Pierre 702-406-2469 or if you know anybody I’ll throw you a referral fee