What cap rate is the selling asking?

As-is cap rate of 7.5% in my market (kc) would be pretty awesome to buy. 

So, we require a nonrefundable Retainer Fee for 90 days of our time to find a rental property.

At the pro forma income, the cap rate would rise to 8%, which is more reasonable but only achievable after renovations.

I already have 2 loans on the property with great interest rates that I'm not looking to replace.

(Or more likely that balance plus every late fee, penalty, escrow shortages, and anything else the lender can declare owed.)

A less then full investigation may result in one thinking that the house and or the house and tennis court lots were what was being sold.As I later found out, a newbie tax lien investor thought they were getting a great bargain by outbidding other misinformed investors and paying the back taxes, legal fees, and an additional $34,000 (overage) which the county forwarded to me.  

Credit (loans) become much more difficult to obtain and if available you pay a MUCH higher interest rate with a much higher down payment requirement2.

I’m specifically asking about eligibility for the higher return rate offered to Stessa Pro members when using Stessa Cash Management.

Just make sure you’re comfortable with the interest rate if going either route.