Apartments, houses, and condos available for rent in the area range from affordable to upscale, so there’s something for every renter in this central Texas suburb.

@Hayden Wright higher cap rate is not always better, capture initial equity through value-add, reserves should be substantial and you will likely use them, if you buy off of a long-time owner be sure to budget for insurance and property taxes to be a lot more than they’ve been paying, buy in an area where rents and property values are going up (good market fundamentals like lots of jobs in diverse fields, affordability (wages can pay the rent), population growth, good schools, low crime etc.).

Looking to purchase a property in the smokeys somewhere (not necessarily Gatlinburg since the market is a bit out of our price range....

There are no other options for my price range available in my area How did you find this deal and how did you negotiate it?

Prior to 2008 they were in the 6-8% range and go back a bit further and rates were in the 10%+ or a generation or 2 above me they were in the 17-20% range.  2008 changed it all. 

There’s a “Range of balloon note products that we offer for multi-family.

What I think I am looking for is a respectable range on a cost-per-square-foot basis.

The latest forecasts range from 7% (Fanny/Freddie) to 16% (Goldman Sachs) - they all agree it will be less than 2021.We will also see more migration of Americans.

New construction homes all around it ranging from 1600sqft sold for 280K to 2000sqft homes sold for 400K.

A 4-plex in my area would definitely creep into the million dollar price range making a 5% down payment $50K.