It would appear that you cap rate should be much higher when you remove the mortgage payment from your expenses.Just on the surface it passes the 2% rule (monthly income is more than 2% of the purchase price).

Around here, most mineral interests were separated from the surface rights years ago because they have so much value by themselves (oil patch).

But, if you read through all his posts (I just did), they are all surface-level suggestions without any meat or substance. 

If someone “needs” that deep for a vehicle or boat, I would do a 12 wide by 10 tall door way unit building.Next product is surface parking.  

How can I add a grip surface to pavement and Trex deck?

Thousands of programs doesn't even begin to scratch the surface.

While I agree with most of what you said, the part where you mentioned RE prices track inflation over the long-term, while that is factually correct on its surface, it is only accounting for RE prices but not rental income yield, correct?  

It's not like tobacco tar but it's smoke depositing residue on all the surfaces just the same.  

On the surface of it, this particular grower does look kinda dodgy, but I think there are many that are doing everything they can to be compliant with the (at this point pretty fuzzy) laws.Fun fact: this is about a half mile from my house.

I've hardly scratched the surface, but am excited to Zap more things into autopilot!