He or she may be able to let you know if its too high in price etc

It's a high-risk, high-reward strategy and is not for everyone, if I'm being honest.

However, i do not know what a common cap rate or cash-on-cash return is for off market deals.

In my area good tenants are like fishing for marlin in a backyard puddle so I was willing to wait to get someone highly qualified as opposed to the armies of Troop Drama that normally flood my ads.

I find new builds to be one of the tougher investments to make work in today's environment with high interest rates, higher insurance rates, HOAs, and that's not even counting the higher property taxes with new builds too. 

Right now DSCR rates are hovering in the 8% range for high LTV on a 30Y fixed rental loan. 

I think Punta Cana is waaay to expensive if your main goal to high rental profitability. 

He recommended a DSCR loan instead but the fees seem high ($55,500 to close).

Roseville have a everything schools, hospitals, restaurants, high tech companies like Bosch, Penumbra, HP, Amazon Hub, Mckasson, Oracle (Rocklin) with three zip codes  95747, 95678 & 95661 and Rental is HOT here.

If you're interested in chatting more, I can show you how to give your investors an 8% liquid return without you personally being the person providing that return.