It's not unusual to find true 10% cap rates in Bing.

Second, we start with a 7.5 cap.  

For cap ex, same thing.

I have enough personal income that I can pay for cap ex and repairs if I need to (most people can't, and shouldn't, do this unless their W2 income can support it).

Aside from restrictions, the thing that is surprising me is the low cap rates. 

You will likely need to pull out and cap the bathroom plumbing if the bathroom was not approved and remove the stove since the city is already on notice of it.

While it's true that many investors are drawn to the Midwest for favorable cap rates and the 1% rule, Las Vegas still holds potential, especially for short-term rentals like Airbnb due to its high tourism volume.

@Vivian Yip  We just use a very generous utility cap. 

They said there is no restriction as long as they don't meet their cap and at the time there was no waitlist and no cap for renting, so I wasn't worried.

Try Rent Caps- he used to manage my partners units in Gary and did the rehab.