Thanks and looking forward to hearing all your good, bad, and ugly stories no matter what region you've dealt with them in!!! 

If there was some way to get two or three properties with the funds and credit we currently have right now, then it would work out.Thus, I recently posted this.If you want to team up in any way, I'm willing to meet over lunch sometime since we share similar problems in the same region.

Cedric Moore I would interested in MH leads in a Texas especially south and southeast region.

I used this little brochure to compare the banks that I called:http://files.consumerfinance.gov/f/201204_CFPB_HEL...I called 3 national banks, 3 regional banks and 3 credit union to see whose HELOC program would work for me. 

I am an Australian investor working in Michigan region but have not any any such luck with the banks.

Or at the very least call more local/regional banks.

So Cap Rate makes great sense to compare properties and get a sense of the regional market.At the same time though - I think Cap Rate - has the power to mislead a new person.A million dollar property with 8% Cap Rate is not actually going to give an investor 80K a year - not even close to it - when he has payments due on 75% loaned amount.As long as investors use the ROI to measure their true income - its more realistic.As I understand now - the Cap Rate is gives a fair idea about property's returns without its debt and costs, and so is a great tool to compare different properties.

@Bob Bowlingcap rates help me on the surface see what type of relative value there is one pocket to another before jumping in a specific region and....the cap rate is a standard forumla noi/price...if i remember correctly youve asked me about this in a previous post as well and asked me to take it a step further and PROVE to you haha here is the link im refhttps://www.biggerpockets.com/forums/616/topics/30...its just like me saying "where can i find the good pocket or value in general"  every deal is unique and has its own set of numbers, I am just looking for things to compare one to another.

They are a regional bank and have a great reputation in Missouri.

Hey everybody,I'm looking to invest in small Multifamily properties near Albany, New York. I'm looking at the various cities and suburbs and I was wondering what type of return people expect in each area. Do your prop...