Taxes on 10k at a cap gain tax is like 2100$ not including any state income taxes.

All the multi-family properties I have seen on Loopnet.com have a cap rate of 1-3%.

Sounds like the seller is trying to give a cap rate of somewhere around 10% (just doing the math in my head). 

Mississippi has a cap on late fees, and the allowed amount hasn't encouraged them to pay on time.Thanks for your help!

I have an opportunity to purchase a piece of property for $2 million and has a cap rate of 9.5%.

As well, if you didn't live in California, and tried to 1031 it to your state of residence, say Oregon, you could be hit with a cap gain holding requirement from California resulting in no tax deferment.

If you agree on a cap rate, you can make your offer based upon the cap rate applied to verified income.

The most basic numbers you should ever get too is with a rating system of A-D, for example have a cap-x % for "A" rated, a separate # for "B" rated and so on.

If that's the case, the property would be considered an owner occupied property and not an investment property from a value standpoint which means a CAP rate won't apply in this circumstance. 

But that being said, I also was wrestling with the fact that cap rates are in favor of sellers right now, and it might now be as low a cap rate a year from now. sort of worrying about missing out on these crazy low cap rates.... and crazy high equity.