That and it's difficult to get real numbers from PM's etc.

We ran rent on the lower end for $3,600 income (current tenant paying $1,200, average is $1,800) with expenses being about $2,400 (pulling out 8% each for vac/repair/capex/management as it's a large old building). 11.58% ROI, 12.67% cap rate, cash flowing $1,200/month if we rented all at the lower rents.

Did you include Vacancy, Cap-ex, and Property Management as part of your expenses?

Does anyone know what the expected cap rates are on the newly a-b class apartments are?

then you will have the cash to complete the exchange.1031 exchanges are the tool to continue to defer the tax on your gain and to transition into passive assets until you pass the asset at death at a step up basis and the tax disappears for your heirs.Installment sales will allow you to slow down the recognition of gain but not defer indefinitely.It's difficult to mix the two but can be done with some sophisticated planning and some outside resources.

I look at cap rate as well as positive cash flow.

Hi John,Absolutely I've come across a few "deals" and the prices are highly inflated which makes it difficult to make those numbers work.

I have been looking at the tampa area and I see a bunch of condo which cap rate ( after  RE taxe and HOA fee) are around 10% ( priuce point if around 90k).What do you think of these kind of opportunities ?

From what I've read around here, it sounds like getting funding for long term buy and hold will be more difficult than flips or sub-5 year investments.

As such, I see it getting more and more difficult as you try and obtain more units as more and more issues will come up.