Also, it's free!

If the tenants don't pay for the water they tend to view it as a free resource and as a result there is a lot of waste.

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If you would like my CPA please feel free to give me a call or shoot me an email. 

@Ran Fridman, What you're trying to do is pull out money ahead of your 1031 so you can get cash in your hands tax free. 

Paying cash for the foster family home seems like a compassionate choice, but if it strains your finances too much, it might be worth considering financing part of it to free up cash for the remodel.

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Here's my underwriting standard list for free.

If you would like help feel free to reach out , but whatever you do, do not try and do this alone, you will get crushed, 

I’ve been wondering that same thing.Seems to me when comparing candidate investments, why would I pay more for an investment with risk and work (5% Cap multifamily), than a risk-free passive investment (5% CD or T-Bill).Note that going from a cap rate of 5% to 10% is a 50% drop in price…that’s significant…easy to see why a seller isn’t willing to give a higher return.I’ve asked the question before and gotten answers like it’s because investor borrowing costs vary, and you must consider future rent growth and appreciation … I guess if you have low borrowing costs and are optimistic about the future a 5% cap rate makes sense.