Originally posted by @Jassem A.:I

No one sector has driven more growth in the US as the stock market has.

So much of the Mid west to East rental market is driven by LA or SF based investors..

But in 2014 they are expecting it to be 9-9.5% because more money available out in the market has driven down rates a bit for the loans they fund.  

all of your return needs to be cash driven.

Cap rates are essentially a market-driven metric — a market cap rate represents the rate of return that investors in a particular location are actually achieving with a certain property type (office retail, etc.).

It’s important to know if the success of the investment is completely driven by final sales price (very difficult, if not impossible, to predict over a long hold period) or if the investment return is comprised of a healthy balance of cash flow (somewhat easier to predict) and sale proceeds.

So, no, I don't say exactly how many I own, BUT, I am more than willing to try to convince you a) I do own turnkeys and b) I do half-know what I'm talking about.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

No one will buy a multifamily property that doesn't have a good projected return, meanwhile SFH values are not driven by cap rates, returns, cash flows, etc.