If you take the steps to putting yourself into position to be successful before you begin this journey you are more likely to become successful and stick with it thus capturing the eye of people around you that might be potential money investors.If you don't mind me sharing, this is what happened to me. 

But the total return is not captured that way since you need to factor in price appreciation.

If your goal is to capture the NOI you've got for the long term then maybe 6 years without profit is OK.  

Cash-flow, equity capture, or a little of both? 

So if you are looking for a market to capture a lot of equity quickly for SFR or a 4 unit multifamily (or under), this may not be the right area for you.

When they call back on the postcards, it goes to an automated number which captures their phone number.

You do not want to take on the construction risk unless you are specking the houses yourself and capturing the profits. 

My equity capture is 15% or more.

By doing this you can ultimately get a portion of the profit tax free although you will have to re-capture depreciation.3.

Looking for ~$200/month cash flow and, conservatively, $40,000 equity capture.