Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income

Do you want an easy answer or a free one?

Do they offer Cash-For-Keys or Payment Plans?

Here are my initial thoughts:-Making the offer contingent on seller showing me background check documents from their due diligence-Requesting for a walkthrough of the property after the offer is made, and reserving the right to pull the offer if the house is not maintained wellAre these ideas practical?

Acquired for $162,000 and resold for $272,000 the same day, the deal offered excellent profit margins.

If you have specific questions about the company or modular building in general, definitely feel free to message me. 

You can skip trace the addresses using a tool like propstream as mentioned, give them a call and ask them if they'd be interested in an all-cash offer on the property, don't get into the fact that they are behind on payments, just ask them if they can use cash fast.

She offered for us to take the property off their hands so it was one less thing they had worry about after their mother passing away.

If you do the latter, you need to screen the new person the same way you did the first person.I offered to let her have roommates, but she doesn’t want to deal with it because she has no one that she would trust to do it.She said “You know I have a big *** dog, but you didn’t know that I like to walk around the house naked too” hahahaSounds like I’m losing this one. 

My family member owner regularly receives (non-specific) offers to buy the apartment building so I definitely think the buyers are out there for something like this.Any thoughts about apartment building sales would be appreciated!