., price is too high) so I knock it out pretty early on and it might not even cross my radar.An active agent or broker in the area who's working with clients probably has a better exposure to a lot of deals closing, and thus a lot of cap rates, than an individual investor like me who pre-screens a lot of deals and only does transactions for her/himself.As far as "applying a cap rate", you may already know this but in case someone else reading this in the future doesn't, what I mean is taking the net income (NOI) of the property and dividing it by a (somewhat-arbitarily-chosen, I admit) market cap rate to result in an estimated value.

So the other 4 bus would be rented/sold.Some ideas given to me:1. was to rent them out during major events (ie Stampede) by parking them on people's parking lots (obtain their approval and pay them for the space) 2. airbnb, team up with people with country lots and rent space from them Thanks in advance. 

So i know the 1 or 2% rule and here in my country Croatia for like 100 000 invested you get 500$ passive income a month that is like only 0.5% you cna mby get to like 0.7% if the deal is rly good but harder more than that.

I also want to provide my daughter with the option to continue this business if she so wishes to do so.I look forward to meeting others in my area and certainly the other areas of the country that I will be looking to invest in. 

Growing too fast is something that has crossed my mind.

The nice thing is, we have no property sale taxes or additional costs for out-of-country investors.

Homes don't appreciate like they do in other parts of the country. 

.)- It appears you're also across the country from this borrower and the proposed property so you can't personally meet the borrower or monitor his progress if you decide to fund the deal.All of the above just adds to the risk of loaning on this deal. 

She helped four of my clients do 1031 exchanges here in the Berwyn/Cicero market last year, and her company specializes in 1031 exchanges all over the country.

I would like to do BRRRR and I am out of state (actually out of the country, but I am a US citizen and have lived in Illinois).