Dangerous dogs on premises. 

All of this information and more is important to figure out to know if this deal is going to work for you.Cap rate is a very misleading and dangerous way to value/buy a property.

Subtracting out a generic 50% in dangerous, because that number could actually be higher and then you'd be misled to believing you have a better deal than you really do.

Yeah, 10-12% interest seems awfully high.....you’re in hard money rates territory.  

DO NOT advertise on zillow or hotpads because the people do not read the ad or even the headline..they get a notification on their phone a rental is available and a phone number and then they just call you or email you....When you advertise on Section8.com and CL....I put in the very first lineNo FeloniesNo EvictionsNo smokers of any kind ....not even cigarettes or MJYou can have 1 pet but no dangerous breeds of pets, I.E. no pit bulls, no mastiffs, no snakes, etcNo illegal drug users.For both my rentals where I got to screen the tenants I had the phone ringing off the hook.

I know that many of you will point out the dangers of vacancy, going  into negative cashflow, etc, but honestly, we have good jobs and are not terrified by the idea of having to dip into our pockets occasionally if needed (we also don't plan on amassing an "empire", probably no more than a half dozen). i.e.

$100 per month cash flow seems weak at best, dangerous at worst.

After reading (well, audiobook actually) Brandon Turner's "rental properly investing" multiple times now, we feel we're armed with just enough information to be dangerous and get our feet wet. lol. 

It's a dangerous game and one bad deal early on will sink you.   

Factor in inflation and with any blips at all you're actually in danger of moving further away from your goal every year if you keep adding assets with that performance.