That seems low relative to other Ferndale properties I've looked at.

@Liam Goble I'm from CA so I totally relate to what you said about 6% returns.

And FYI, I have no dog in the fight with anything related to Robert Kiyosaki, but whenever you say something negative about someone (especially when you don't provide proof), it never puts you in a good light.

A high cap rate could be the result of a relatively high net operating income or a relatively low purchase price or a combination of both...

I can relate.

@Josiah Halverson "top dollar" is a relative term.

@Brian Ortins there is information on mass.gov, but I can't seem to find the specific information I'm looking for relative to how to deduct the credit from expense deductions properly.A quick summary of the way the credit works.

I'm sure you could make that happen, I purchased a home once with a person I was not married or related to...

I have lots of relatives there as my Great grandfather went to South Pass for the gold rush and ended up homesteading a ranch nearby on the Sweetwater.

The free versions don't deal with any complexity at all.Unless you're a tax expert and understand all the intricacies of taxes related to rental properties I strongly recommend you find an EA or CPA who's experience with rentals.