I'm guessing in 4 years Cap rates will go back down again after some of the absorption for new units are complete. 

Feeling a little overwhelmed I guess.... but excited for the future. 

I guess that leads to the question of how do I know how much the airport comment affects the price?

Thanks Brandon, I was looking for something free but I guess you get what you pay for

@John Underwood  The lease doesn't mention pest control (lesson learned there), so I guess I'm on the hook for the treatment. 

@Joe Papp I guess im not understanding when you say 'purpose'......?

I guess I'm still not over the shock at how far off a lot of them are.

I guess I'm just gonna wing it, and figure out what I need after I yank the toilet out 😎 thanks for your help!!

I guess I've done my homework, I was just curious to hear from others what they use as a guidance for the deal to be worth it to them.

The kitchen/dining room would have a door.I would relocate a door in the garage so that if I entered through the garage, I could still go upstairs without seeing the tenants and make a wall so that tenants couldn't go upstairs.The wall to wall carpet is in great condition but i guess I could take it out and put hardwood when the carpet gets old.I'm guessing the rennovation would probably cost around $30k.My current mortgage is 2800 and I owe about $500k but I need to buy my Ex out.1000sqft homes/apartments that are 2/1 in my area rent for about $3200/monthI could rent the top floor for maybe $3700/month (property manager rents my next door neighbors entire house with similar floor plan for $4500) How can I get financing toa. creatively buy my ex out (maybe pay her out in payments with low interest?).