The bread and butter median priced non-distressed home sale in Hillsborough County is $230,000, and Tampa proper looks to be about the same, so for your price you're going to want something that needs work, or is in a different class neighborhood. 

The $350-$450k price range in those areas are my bread and butter for my rentals. 

Buy and holds will be my bread and butter, and I eventually want to move into multifamily. 

But, direct mail, driving for dollars are my bread and butter.

(These are bread-and-butter neighborhoods.)

We got it down to about 169,000 in just under a year by taking some equity out of the house, 401K and literally eating peanut butter and jelly sandwiches daily.

I'm an agent in Richmond, VA and also with EXIT but wholesaling has become my bread and butter..

Stick with the bread and butter areas for your foundation.

Not so even a few blocks north in Pacoima, though.Cap rate is really only relative to the market you're dealing in (unless you plan to purchase unlevered).Knowing your market cap is similar to knowing that a bread and butter 3+2 in a certain area is worth X amount of dollars; you can ball park a value based on the market but it's still subject to condition, location, and any other factors.When wholesaling apartments you can make a very sizable fee by tying up a deal for a few tenths of a cap rate below market and then flipping it with a complete due diligence package.

Short Sales have been my bread and butter as an investor.