I know you Run you’re independent numbers but how far off are they with there cap rates? 

Having them rent for a 4th year (assuming you lived in it immediately before for 2+ years) will put the increase in property value into cap gains. 

Currently, Syracuse multi-family properties are yielding a 10 cap rate, indicating a strong investment opportunity, while in Binghamton, large multi-family listings average at or below a 7 cap rate.

However, I did not do enough due diligence for myself understanding they only had 2 year rate caps and floating rate debt. 

NOI, and by extension the cap rate allows people to compare 2 different assets.The amount of leverage an investor uses, and the rate at which he borrows, and the length of time they have to pay back that debt are completely independent factors from the asset.

I do like the Roth but it self-limits with small annual caps. 

Want to ensure there are not super aggressive rent growth, operating expense, exit cap figures.Having an attorney look over the docs is never a bad idea. 

A lot of these are nightmares with crap tenants and old high cap/ex houses. 

Look around these boards-- frauds popping up daily, misleading advertisements, posts about acquiring X amount of houses at Y cap rates only to be truly just wholesaling them, columbus cartel swarming, etc.

Is there a rental cap?