I was just trying to illustrate that two similar properties with the same cap rate can demand a lot different prices depending on where they are.

The overwhelming majority of posts appear to illustrate that investors are making the right moves all the time: every property is flipped for profit, rented with good tenants, or refinanced with a pocket full of cash at closing.

Hopefully my point illustrates why I am not a fan of using statistics.

This changes when the lease rate is higher or lower than average though.A lot of this is very general and not the most helpful, but I hope illustrates the benefit you will receive by using a competent broker and attorney to get this done. 

Let’s say average rent in Boston is $3,000 and it’s $1,000 in Tampa... your 6% in Boston is $180 and it’s $100 in Tampa.Same amount of work for $80 lessHopefully that helps illustrate that it isn’t apples to apples to compare based on percentages only.By the way we are seeing 8+caps here routinely.

The details: Note that numbers are hypothetical and for easy math to help illustrate the scenario!

To illustrate, which one cash flows better?

When I was stating what the property costs me every month, I was including extra to account for repairs.Also, Its not likely to be vacant any time soon as illustrated by the volume of calls I recieved wanting to rent the place with out even seeing it within a half of a day.

@Joel Owens & @Christopher Telles This listing near me illustrates just what you're talking about.

(Of course I have to acquire, rehab and manage 2 more houses.)Below are side-by-side before and after photos illustrating why this buy and hold turned into a flip...