Please see the numbers below.6 Unit Property in BaltimoreThere weren't many comps to compare (apples to apples) based on what my realtor pulled.NOI = $31,530At Sellers Asking Price $240,000Cap rate = 13.1% However, as of last month, 2 units are vacant and I recalculated the numbers based on this:NOI= $20,010Cap Rate @ Same Price = 8.3%I am trying to figure out the best cap rate for this property and calculate the ideal offer amount.

Bandit signs (heard it was illegal), craigslist (no luck with it for 1 month), newspapers, car magnets....

Big Apple Real Estate Investors Association and New York City REIA both meet in the City but neither of their websites work and when I call the numbers they just ring forever.

Get a "We Buy Houses" Magnet for the sides of your car.This is a great tool when you are out and about looking around.

You and I are debating over apples and oranges here.

Quick evictions of trouble makers will get rid of the bad apples.

If that isn't a calling I don't know what is.Our own property up in the high sierra is filled up already with apple, cherry, pear, and 20 other bushes like goosberries, currants, kiwis, elderberries - and I'm just about out of room here.

The purpose is to be able to compare deals "apples to apples"Placing more money down on one deal does not necessarily make it a better deal than the other.Similarily, in commercial, cap rates are commonly used which take into consideration only the gross income less operating expenses, arriving at the NOI (net operating income), therefore romoving any debt leverage from the equation.

Sure, there are a few, bad apples working in every industry.

I had an investor contact me today and he shared with me how "bad apples" in the past soured his opinion of 'dogs, but that my marketing made me sound credible and worthwhile.