Anyway cap rtes are thrown on here frequently and the way theya re defined on here befuddles me as I am used to the Walgreens / Targets of the world and ( typically A+ tenants in the 5 range A Multi family will get you high 6's low 7's in various markets ) cap rates determine value  eg...

With their Prime Freight Hub being at the Cincinnati/Northern Kentucky Airport I see the potential for HQ2 to be increasingly favoring Columbus or Indianapolis.

some of the issue is redefining affordable... on the west coast starter housing is basically 300k and up and we are in the lowest price west coat major metro.you can run all around the mid west in every city and find sub 100k housing and those mortgages and all in are less than rent.. what I find is there are just so many folks that in those markets look at owing a house as a liability and they prefer to rent.. unlike West coast or other areas of known appreciation were we look at owner occ as way to grow wealth.

Saw this over at MMM and thought this would be of interest to any live-in flippers expecting to have their capital gains shielded from taxation when they sell...It seems the House tax plan would redefine "principal residence" as a place one has lived in for 5 of the past 8 years rather than 2 of the past 5:SEC. 1402.

I generally don't worry about it since as I stated above, the LOI can redefine things and at the end of the day, the purchase agreement is the only thing that counts.Oren

And a basic miter saw (Dewalt, maybe) on a Harbor Freight stand that is my go-to tool for framing work. 

Otherwise, it’s a neat area, but it does have double-stack train traffic running through it and is very busy with FEC freight trains.

The numbers above seem to make you a competitive buyer in the current FL 2018 market so I will actually buy something at that price with a 12% interest hard money loan, get it rented, eat the negative cash flow for during the seasoning period, and ultimately refi through a regular bank down to 5%.I will list the property addressI will list the bank used for refiI will put up my deal analysisMy property management search infoMy experience as a hard money borrower (Disclosure, I am a partner in the lender I will be using, but for this project, I will pay full freight as if I was a beginning borrower)I will put up all my expenses on the projectWhy should you pay attention to this thread?

A cheap Harbor Freight angle grinder and a pack of cutoff wheels will make quick work of it too if you get to that point.

Or do you just want to pay 85 cents on the dollar for what everyone else is paying full freight for.See what I mean.