If your goal is to make money, and you aren't finding deals that you think will do that, there are other things you can do.But more directly to your comment: 1. cap rate does not take into account appreciation.  2.

I took into account a likely cheaper labor rate but will say when we owned units in gulf shores that i was not encountering that low of a labor rate.  

But they auto-deposited $50 into my "marketing account."

It probably won't come close to $150K.Run the numbers if you put the profits into a savings account paying 5% interest and see how that compares

Account Closed 100% they are

I learned how much an escrow account check matters to your overall mortgage payment.

@Elizabeth KingYour accountant is wrong.

Following this exchange, and after a few more callouts from Melanie, you appear to have downgraded your account on BiggerPockets, and gone inactive coming back only recently to respond to Melanie's post here. 

I learned how much an escrow account check matters to your overall mortgage payment.

Of course, what they paid isn’t going to take into account the money they have spent on renovations or remodeling, which can be substantial.