Use actual sales dataAlso use rentometer to see what rents are. 

Lawrence,Your analysis looks like what I would have done assuming those are the actual numbers and not the pro forma.

I actually just started with the Wardley office here in Green Hills.

Without the actual address my input is limited.

We had a similar case, they actually were in the hospital but it dragged they only paid when the court summons came !!!

. :)It actually doesn't leave wiggle room for closing costs though.

Capitalization rate = Expected Net Operating Income / Market Value of the Asset.Since actual NOI and Market Value are constantly fluctuating, so will the cap rate.

We actually just sold the condo we had for the same reasons.I think in your second post too that you're speculating a little bit - that the market will be higher in two years than it will now.

And actually it's not really any more work for you and your parents than what you were suggesting prior to that.

The only advice I can give is focus and actually execute.