NY has a cap on the % that public adjusters can charge.  

Be sure to refine your deal analysis by focusing on cash flow, the 1% rule, and cap rates to ensure solid investment returns!

I once downloaded and analyzed Zillow data to find markets with attractive cap rates...

Let me break it down for you.Reversion Cap Rate: Ensure the reversion cap rate assumptions are realistic and aligned with current market trends.

I personally am almost always willing to sell a property I own if (1) I can created a ultra high ROI by use of seller financing/wrap loan with an existing loan that has a low rate or (2) sell for a low cap rate for a property without great upside potential and can reinvest for a much higher ROI.  

Is there a cap to how many loans you can have?

My calculated cap rate is 4.73%.I just finished a full foundation up remodel on our primary residence, we owe $1.22m at 4.25% on a 30 year on the mortgage and have a private construction loan with a balance of 490k at 5% on a 20 year.  

What type of cap rate is usual for such places ?

Out of state is tough though right now, run the numbers yourself with $1200 minimum as cap/ex per unit 3/4 units or $2500 per a house annually and don't believe anything the agent sends you for analysis.

If you don't factor that cap ex budget in your cash-flow evaluation, then for the first 5 years it looks like you are doing GREAT and in year 5 you are doing TERRIBLE, but in reality its was business as usual all along.