In comparison the deferred sales trust has no pending legal cases, has a successful Private Letter Ruling in form and substance, has had 15 IRS audits (3 formal), 2000+ closed cases, DST law firm provides audit defense at no additional cost for life of the trust, and all IRS audits were closed as no change audits.

The cap rate is just a measure designed to give an apples-to-apples comparison across deals.

So I stand corrected on appreciation for B areas in Montgomery - however, Huntsville, by comparison, has seen a higher appreciation rate for B areas, so relatively speaking, the appreciation perhaps is still not as robust as other areas of Alabama. 

@Bryan Contreras I guess the real question is why are you waiting...you can grow your portfolio 10X faster and build more wealth in a handful of Midwest markets than CA...I get the arguments, but in reality, there is no comparison.

To answer your questions, I am not naive enough to expect this, but I am naive enough to not know the answer to this question, and ask it in this forum.I do not do this at my job, but that's an apples-to-oranges comparison, as I work a salaried position that affords me a high degree of autonomy and flexibility in deciding when I work and working at irregular hours does not equate to more money for my firm or myself.

That is IRR.NOTE: IRR assumes reinvestments are at the same original rate so that can throw off projections, also short term assets can have large swings in IRR due to it takes into consideration time.Lastly where IRR is extremely helpful is when analyzing two deals.Such as should I buy and hold this asset for 3 years, 5 years or fix and flip it or comparison of two separate investments.

What tools are popular go to's for comparing US Real Estate Markets in the interest of choosing multi-unit long-term holds towards building a Real-Estate Portfolio? 

If it's an LTR I could see where the rent difference might not be worth it, but then again insurance isn't that expensive either by comparison to rental revenue. 

Financial asset comparisons- Let's say you can get 6% return on a liquid financial asset. 

Not a realistic guideline anymore.Conventional financing is approaching DSCR and if you want to factor in hassle vs. no hassle, there is no comparison; DSCR vs Fannie is a no brainer; DSCR all day long.30 year amortization is widely available with rates in the 4's and 5's on a 30 year fixed amortization up to at least 8 units and sometimes 12.