My 2 cents, find the money first, then shop.

I'd be down to talk shop. 

Send me a PM if your interested in talking shop.

If you want to chat more about partnering and talking shop hit me up!

I am not happy sitting till the late hours writing SEO for my website.I am not happy telling a seller that needs money for their sick child's operation that I can only pay $70K for their house instead of $120K she should be getting.I am not friggin HAPPY to drive all over friggin damn CT looking at houses that may or may not lead to a damn deal.What drives me, is when I see people like Brandon doing podcasts from friggin Hawaii while I am freezing my monkey nuts off hustling so I can be able to be free, and live life on MY damn terms when I make it.I used to stare at a bag of crab legs in the super market.my mind says NO you greedy animal you can't afford it, while my belleh says  .. dude, that with butter.. are you kidding?

It's worth shopping around.

Shop it around as they are all different.CAP rates are set by the buyers in a market however the bank will do the appraisal so in your case that will determine the value.Smaller properties like this will not be valued so much on incomes as it will comps and replacement cost.You are likely going to need 20-25% down, good credit, enough income to support your portion of the debt and cash reserves of probably 6 months.

@Brian Salazar let a mortgage broker shop your loan out for you to save time and money.

IMO, a TK provider who opens up shop in a new city that they do not live does not have the experience necessary to truly known the in's and outs and historical trends within neighborhoods. 

So you will need to shop around.