Cap rate = NOI/Purchase price Therefore,  if you can increase your NOI by either decreasing expenses or increasing revenue, your cap rate will go up. 

The issue is getting them to notice you.

Hello all,Just wondering if anyone has ever noticed an increase in difficulty when it comes to finding tenants for a property with no off-street parking, no washer/dryer hookup, or the combination of both. 

So if you know you want to invest in Pittsburgh (just to make up a random city) and your plan is to scale to 10, 20, 30, etc. units then you really decrease the marginal travel costs. 

I've noticed a trend bubbling under the surface of stained concrete floors as opposed to carpet or other flooring materials.

@Jerie BowieTypically you can see the vacant units and use that to figure what it would cost to renovate a typical unit and figure that into your offer price.Once the offer is accepted, you absolutely have the right to inspect the occupied units with a 24 - 48 hour notice to the tenant during your due diligence period. 

Basically this allows the buyer to walk, upon giving notice during the inspection/study period (this could be 15, 30, 60 days or more depending on the property), and obtain a full refund of the EMD.

Looking at your photo (which I didn't notice before) I agree with @Rick Pozos.

Abandonment of the dwelling unit shall be deemed to have occurred when:(1)Actual notice has been provided to the landlord by the tenant indicating the tenant’s intention not to return to the dwelling unit;[...]

i have been doing the same with another property, and noticed it is liability having them there.