I find that cap rates can be very deceiving because these depend on how the seller either operates the property, or what their "proforma" says (usually a very blue sky), and if you're dealing in the 1-4 unit space, this can be all over the map with some less sophisticated sellers leaving out basic opex items like property taxes (I've seen it!). 

I handle all the day to day items of self management, property research, and financing. 

Some of the main points (all of which are availalable on this site/podcast) were the evaluation of purchasing a property and making a list of all items that will eat into your profits. 

For me, your current best case scenario is pulling down $200 a month, which if the deal were financed with a traditional 20% down, and 90% occupancy long term, would provide a 6% cap rate.  ($200X12)X.09) / 36K

How did you go about finding lenders that would set one up (I know many traditional lenders won't)?

So if I spend $12K to furnish the home (including all kitchen items, bedding, towels, etc.), I need to know the furnished rental can clear an extra $1K/Mo after expenses vs. unfurnished.- Also, in my market (for 30+ day stays) it’s important that each unit has laundry, parking space, small kitchen and approx. 1 bathroom per bedroom.

All recordings that have transfer tax are exempt.However, if there was an instance where it was due, it would be debited to the party paying for the recording fee for that item. 

The minimum investment in the property crowdfunding is much smaller than the traditional investment tradition.

She now has 7 items in collection.

You also can look at using a smaller amount for a down payment and then get traditional financing on the remainder.I'd focus on paying down CC, first.