It's calculated by dividing the NOI by the property value.While cap rates provide a quick valuation metric, they don't account for future income streams.

They are struggling to keep up with demand.If anything has changed, the days of investors performing cosmetic rehabs for quick $100k profits are behind us.

Another area that’s really good is close by which is Shawnee Kansas and you can find properties under 300k in a great school district that attracts renters and home owners.

Hair dryer (due to electrical requirements if traveling overseas, so this would apply if you attract international guests)4.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

I’m based in the Phoenix area but a quick LandWatch search shows that Mohave County has the most sales in the past 90 days. 

Possible exit strategies are a quick flip on the MLS, the home has been moved so I think that excludes FHA financing, but a conventional loan is still available. 

@Jay Hinrichs, thanks for the quick response.

It's a very quick turnaround so I can only echo my peers here in agreeing that is unacceptable.

I dont necessarily need to get the absolute highest price for my deals, I just need to get it sold QUICK.