Yes new builds are turnkey and better for maintenance/cap ex costs but it's more expensive and moving parts to building.

Conventional investment property loans cap seller credits at 2%.

However, I couldn't find one that offers a good return in terms of cap rate and cash-on-cash (CoC) — the prices of homes are very high.

Section 8 typically has a cap on the rent rate, dependent on bedroom counts.

There is a cap on short-term rental permits in Breck and in Summit County ... and both caps are well over the limit.I'm not against AI, but these types of un-vetted responses can harm new investors. 

If we resided in a property for 20 months in the last 5 years, does the IRS consider a "partial" capital gains tax exemption? Or is it a binary designation?

This probably should have minimally been a yellow flag and an indicator that the group may not have been buying at attractive cap rates.7.

So far with the properties that have looked promising we have utilized the calculated NOI / Cap rate to determine the value and every one we have done has come up way lower than the asking price and in one instance came up less that what the current owner paid for the place initially.

It has a good cap rate and everything was recently updated, head to toe.

I'm currently looking for a multifamily property, ideally with 10+ units and a cap rate of 7% or higher.