This is one of my favorite features of Bigger Pockets especially for asking specific questions.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

I also interviewed with a well known brokerage, but I got the impression that the  team leader I interviewed with was mostly interested that i would cap out on  my commissions and  I think she would have accepted anyone with no brains and a pulse.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

In Florida (only know Florida rules) you will find caps in the lease and verbiage about going to market rent only on certain occasions. 

Finally, finding an fha approved 4plex in SoCal that would + cash flow on a 3% dp will be quite difficult considering the amount of liquidity here willing to purchase at very low caps.

I've found it on realtor.com website and I've tried to contact the agent in the "contact us" feature but I haven't heard a reply yet.  

@Alan CoreyHi Alan.Let's say the property is worth 500 000$ at 95% occupancy based on its NOI and the cap rate.Therefore, the same property with 50% vacancy would cut the NOI by about half since you lose half of its revenus.Using the same cap rate for half of the NOI would lead you to a value of 250 000$.

Being offered at a 8% cap, but lots of room to increase rents and reduce expenses.