I would like to begin looking into single to fourplex residential locations to invest in and want to get practice on analyzing deals.

I understand what cap rate was originally designed to do (as David pointed out) but in practice I see cap rate being defined and described the way it was NOT originally designed to do.I keep running into posts where the "experts" would define cap rate as follows:"The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

I've lived practically everywhere so have a pretty good sense about locations.

Create a pro forma in Excel and practice running potential project rehabs (buy, fix, flip) through it.  

I say hopefully because it's all going to start when my primary home sells.I was curious if it's common practice to require any place be vacant upon closing.

also i have another question on how can i practice title search by my own, i have access to land records online in my county but i need someone else's opinion to decide what i see is looks good to move ahead. if anyone of you can help me with may be 1-2 properties title search would be great help. 

Most renters (in my experience) are far more practical than homeowners, and want a place to be affordable, safe, clean and near where they work or shop. 

My name is Lyzander Vereen, and I am here to learn and practice investing in real estate.  

I have setup the agent finder on BP and currently working on a website with SEO focusing on investing.

I spent a week practicing my pitch, prepared a one-sheeter, and presented.