I expected a quarter of the repairs when I went into this deal.

You need to pay SSMED for 10 years or 40 quarters to be eligible. 

One actually tore a quarter-sized hole out of the vinyl.

The 2018 second quarter RealtyRates Investor survey says that apartment cap rates are on average between 4.9-13.8 nationwide depending on LTV, but the survey is not limited to recent acquisitions and I assume that those that participate in the survey know what they are doing .So this bring me back to my question: for those who are actually set up to responsibly invest but don't have the experience or network to hit the 15% CoC returns in today's market where the pros are also claiming good deal are hard to come by, is shooting for the 5 cap cash purchase on their first deal to learn the ropes a crazy idea?

(smaller buyer pool of people able to qualify) Eyeing the Federal Reserve Graph showing historic home values, I think average sold home price should be somewhere around 1st Quarter 2013.   

A few months back we had one that was $500,000.25 (or whatever it was, there was a quarter on the end).

My water bill is being run up every quarter, and I'm paying over $500 each bill.

DFW: 7.7% Of Home Sales Were Flips In First Quarter 2018DALLAS (Dallas Morning News) – Dallas-Fort Worth ranked ninth among the cities with the most home purchases and quick resales in first quarter 2018, according to Attom Data Solutions.

My ideal living is not close-quarters apt. complex, even with amenities I couldn't afford on my own like pools, gyms and social areas.

Demand for living quarters is universal.