Are you reserving for cap ex, maintenance & vacancy?

I'm wondering about any potential regulations that might make this a more difficult process than I'm anticipating. 

In that case, the GP, who was a cheating SOB, issued a K-1 allocating cap gains [§1231 gains] to my Client, who was a minority LP.  

Quote from @John Warren: @Mordechai Chaimovitz cap rates and NOI are commercial real estate terms, and 1-4 units are not really valued in the same way.

Quote from @Sean Kirk: I'm seeing what seems to be 10%+ cap rates on roofstock.

A few things we’ve been thinking about* Appreciation > Cash Flow: We care more about appreciation in a few years as long as cash-flow can cover occasional cap-ex.* Low Hands-on operation: We prefer minimal hands-on engagement.

In addition, in Florida there is a cap on property tax increases each year of about 3.5% increase... but big caveat...

Option 4: 20% down on 2 to 3 properties Also open to hear other ideas, I'm self employed so getting a lender can be a bit more difficult.

Due to current interest rates, many CAP rates are much lower than they should be and usually there is only so much price discount a non-delinquent seller will be able or willing to offer.

Difficult to tell from the website exactly what type of Passive Investments are available: Fixed Term or Open-Ended.