As I mentioned in my earlier post, the IRS lien release info that Steve Sparks posted is already posted in another thread on BP.

At some point in the show he plugged his RE investment podcast and something he said really sparked my interest so I made a note to check out his website and podcast.  

Hello @James Sparks !

Limitations of CAP rates include:they are only meaningful locally - i.e. comparing CAP rates in two different cities - or perhaps two distant neighbourhoods in the same city - is futile;they are only meaningful when comparing like assets - using CAP to compare a 11-unit apartment building and an 11-unit strip mall is dubious;they are meaningless when comparing residential (1-4 unit) properties - You see folks on BP all the time talking smack CAP rates on SFHs and quadraplexes.  

Net Worth is a paper tiger and is really meaningful only at two points in your lifebragging rights at a cocktail partydealing with your estate when it goes to your heirsLoad Rate, qualifications for loans, and cash-on-cash returns have no component of your net worth.

If you are not careful, you will become the main focus.The idea is you can attract more bees with honey.On that line of thought, let me share an experience to see if it sparks an idea for you.My sister bought a single-family house - a HUD repo - in a declining neighborhood.

You might also find or create lists of properties belonging to people who have inherited them in the last several years and do not occupy them, especially out of state owners.As always, lots of people post their intentions on these forums but few actually go to the point of taking any meaningful, sustained action like creating a list and nailing letters.

In addition to being able to control most of your own transactions, you will open your field of possible deals as this allows you to openly network with follow brokers and investors in a meaningful way.

I am currently working as a full-time firefighter and living in Sparks, NV.

And then there are probably buildings in the heart of some bad downtown areas where you'll see cap rates in the 12-15% range, and perhaps even higher.There's really no average that would be at all meaningful...