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

Quote from @Sean Kirk: I'm seeing what seems to be 10%+ cap rates on roofstock.

This is done via a traditional cap table.

I agree with some investors here, in Detroit you have plenty of opportunities to get decent cashflow now.Just use any Zillow like tool that sort listings by LTR cap rate, I use findvest.io they have decent vision AI filters to filter trash houses compared to mashvisor 26 doors and scalingJust make sure to copy and paste the addresses on spotcrime and don't buy in a warzone, and you should be fine.

Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).

Please let me know if you know areas that would fall in the cap of our budget.

401K loan is capped at 50K and with withdrawal, you have 10% penalty and tax implications.

Do you have any new information to share about Sunrise Cap?

Once refinanced the property will be stabilized but still may see slow/low distributions because of cap rates and interest rates.

If I can park the 388k ($415-27k) for one year at CD rate of 4.5% and then est 300k (after paying cap gain/depr recap) at 3.0% (assume CD rates lower) that interest income of about 24 months net of ordinary income tax is about the same as my current mortgage.Trying to play devil's advocate and think why selling this year does not make sense.