The lower a Cap rate is, the more dramatic the implications. 

Rents run about 21 +NNN, and all tenants can be relocated to 5500 sq ft first floor (I will take the entire second floor)At a cap rate of 7%, the building fully leased would be valued at 3.3MM.  

A constitutional amendment recently passed in TX that puts a cap in place for non-homestead properties (used to only be in place for homesteads), capping possible annual increases, I believe at 20%.

I was speaking with a property manager and they mentioned that the city has a cap of the amount of rent that can be charged...

If your doing a decent amount of works few times a week get either a pickup with a cap on it or a enclosed van (full size or smaller like astro).

Especially if you don't have a track record.If you know a broker personally and can convince him that you are a capable buyer, he would not have a problem to introduce you to a seller even if you use gmail account :-)

Make sure you buy single family homes on comparable home sales vs buying based on a cap rate.Run your numbers, evaluate different sources, and start picking the right strategy for you.I've bought two rentals through Roofstock and here are the numbers on one of them:Address: 19520 Pasnow Ave Euclid OHhttps://www.zillow.com/homedetails/19520-Pasnow-Ave-Euclid-OH-44119/33624298_zpid/Price: $52,000Down payment (20%) + closing costs: $15,000Rents: $950/moExpenses (principal, interest, taxes, insurance, management): $482/moRents (950) - expenses ($482) = $468/moI didn't include repairs here since it varies but avg ~$200/moI hope this helps!

Mike Dymski nailed it - they're valued based upon a Cap rate, with higher valuations than multi-family, mobile homes, assisted living, etc. 

I got hold of Hunt a home and he seems to be a capable guy. 

With 20% down, some conservative assumptions on monthly expenses and future expenses, I am looking at a cap rate of 6.5%.