Purchased two rentals this year both with long term tenants. Immediately started making minor improvements, due to hurricane season decided to remove one tree and trim a huge oak tree at the other location. From a sen...

Quick analysis yields a 16% cap rate, just wondering if anyone has experience with logistics In running these places, paying staff, rent collection, etc.

One thing I have noticed is the asking price with it's cap rate, is almost always priced out by the properties POTENTIAL income! 

I will also change all 4 BR windows (common windows have already been changed) and a wall heater (not operational) but consider these cap ex and not included in the $5k.  

Double digit NET caps are to be had.

The market cap of BTC is $0.3T.

What would be the impact on the business value at say a 7% CAP? 

So your cash flow is decent, but after you’ve had a few turnovers after 10 years and have had some cap ex expenses, you’ve broken even or gained very little since the home hasn’t gone up in value much.

The reason this works well and is permitted in my building is because I live here, so my guests technically become 'roommates' while they stay with me.The one BIG caveat I would share with your vision is to make sure management / your HOA doesn't have a rental restriction that stipulates rental minimums / %s / caps / durations / etc.

The multifamily real estate market is gaining momentum as we close out 2024, driven by easing financial conditions and attractive cap rates, according to Marcus & Millichap's Q3 report.Cap rates have surged to an average of 5.8% between July 2023 and June 2024, marking a 110-basis-point increase from 2022's low and the highest level since 2014.