Also remember Cap Rate is used more as a market indicator than a true measure of return, everyone structures deals differently and has to see if the opportunity fits their model.

The goal is to find someone who would want to stay beyond a year.

I am only 20 so it kinda fits into my life right now.

I noticed that was your goal which is a similar goal of mine (and probably the rest of the RE world).

@Michael Greenberg,There are plenty of strategies; however, they most depend upon what your goal is.I would be happy to refer someone to you.

My goals in real estate is to grow my & my lady’s REI portfolio & also do some rehab projects as we’re both hands-on people (as a kid I tinkered a lot with electronics, computers, & cars).

I've got the goal of purchasing my first Tri/Four plex by Sept 2017.

My ultimate goal is to purchase and develop land in the ever receding outer exurbs in my region.Here is a little about my world of late: Home Automation and Security technology is developing at breakneck speeds these days and staying on the cutting edge is a full time job, especially when it comes to understanding the vulnerabilities associated with these new technologies (think "Hackers"...they really, really, really do wreak havoc..no joke).

I'm sure you'll find an immense resource of networking and information to help you achieve your goals!  

If you already own your own home or don't want to live in a construction zone, then a 5 month target would probably be a good goal.