These markets are yielding double digit caps.

After they calculate the tax equivalent yield they might hit double digits.

@Ken T.I know of many Canadians are taking advantage of the combination of low interest rate & double digit return cash on cash; has bought into US market.2% is not easy to get in most areas of US market(depending on market & area). 1% is not even easy in war zone area in Canada( although war zone area in Canada is mickey mouse to US).

This was when things were really brewing and water was backing up out of the sink and going everywhere and something had to be done, so after getting 3 opinions I had them dig it up to replace the broken pipe.

Ultimately, we thought it was worth the risk, because worst case we're out a few grand, best case, we get property worth 6 figures, and most likely case, we pick up double digit returns for almost no work.

If you want to read the article yourself, let me know and I'll try and dig it back up from my history.

@Dawn Rodgers is 100% right - in this digital age, you NEED quality pictures of the property. 

Has anyone considered getting the digital thermostats and having them set so they can't go below a minimum temp?

So why would someone with "guru money" throw that away to save 4 points and 12%.There is also the thought of just leveraging  your money to do double digit flips at a time.

With multifamily you can do passive investing and get double digit returns with not much work other than vetting the sponsor and the deal.