@Paul MerriwetherCap rates are typically 1.5-3pts above 10 year treasury, but also recognize their is significant lag or delay for cap rates to respond For example when ten year treasury rates rose from 2003-2006 it was not until 2008 when cap rates rose.

I'm asking because I've been interested in in stalling a sauna an was wondering what the upkeep and cleaning of a wooden sauna typically looks like and any challenges relative to maintenance and guests being able to operate it (safely). 

Every state is different, but in Texas QC is not typically good for the buyer. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Two days ago, I received both texts from my tenants regarding the music and texts from my neighbor telling me to tell them not to come over and complain about his music.

A DST with a 721UpReit option is typically held for 2 years after the last investor has entered the deal and the offering is closed.

If they want to receive a net of 5%, then you would probably have to pay an interest rate of 7.1% and withhold 2.1% of it. 

So to answer your question, insurance companies will typically send out a third party inspector to determine cause of damages to see which party is culpable.

You're also taking out a larger loan with a cash-out refinance so you can receive some in cash, so you'll pay more interest in the long run.