That is a byproduct of looking at your W-2 (taxable income) and not fully understanding the value of our other benefits: BAH, BAS, medical, dental, SGLI, GI Bill, VA Loan, etc.

Which will fizzle that return down quick when a big expense inevitably comes up.The only turn-key place I've seen 8%+ cash-on-cash returns in my market lately has been in commercial, specifically medical condo units with a sale leaseback structure.

The margins are not so thin to where this rate difference would kill the deal.Can't speak to multifamily but the retail, office, and medical space I've been looking at has not seen any change in inventory or cap rates yet.

I actually liked the loan so much that I left my job in medical sales to join the broker who specializes in them!

Unlike buyers who can cancel and forfeit their escrow deposit (or not, if exercising a contingency), the seller doesn't have the right to back out. 

Purchase price: $133,000 Cash invested: $11,000 A duplex on the Northeast side of Grand Rapids minutes from the Medical Mile and GVSU college campus.

Just as an exercise, if for right now. 

I am interested in the Biotech Park and Shrewsbury areas currently because of the proximity to the commuter rail and the UMass Medical Center.

You could ask if you put the closing off for 3-4 months if that would solve their problem (and make your 1031 exchange.) or if it’s going to be a long term medical problem. 

I'm treating this challenge as an exercise to expand my knowledge base as an amateur investor, not a professional.