@Amber Saulsbury @Irina Belkofer is correct in laying the CAP rate formula, as I read in one post above where they included the financing expense which SHOULD NOT be included when calculating the CAP rate.Anyways, here in El Paso, Texas I can buy a multi family (8 unit or over) C- building with a CAP of 8% - 9%, Most investors settle for that, but my value play strategy is, I come in and rehab the units, add individual water meters and charge it back to the tenants, sign 12 months leases, raise rents, swap washing machines for coin-operated machines, you get the idea, anything that helps me reduce the expenses.

There is a saying that applies to 1031 exchanges: "Swap 'til you drop" ...

I’ve actually gotten an entire appliance set on Craigslist bc the seller was swapping out black appliances for stainless.

Max 401k (if - 401k fees are lower than available in an IRA, or - you need the 401k deduction to be eligible for (and desire) a tIRA deduction, or - you earn too much for an IRA deduction and prefer traditional to Roth, then swap #4 and #5) 6.

When I say new I mean ones recycled from other rentals that we swapped out in the past.

All an assignment of contract does is swap one buyer with the next.

You keep swapping "up" as the scaling technique. 

-Even with this neutral FFR, the Fed/treasury started to lose money and they don't really do QT fully since the  other country has to relentless sell US Bond (mainly Japan and China) ; this keep yiel rising, as an affect they need to keep injecting liquidity thru buyback of T-Bill and FX swap lines.- The FX swap line by Suiss bank has reached higher debt than 2008 level.

As I said, there is no difference between what I've outlined and a swapping of checks. 

He swaps his life for income, which is virtuous.