I analyzed each potential property that my investor partner was interested in by determining the IRR, cap rate and monthly cash flow.

Hey guys I got a 6 plex with 2 houses and 14 apartments for sale but I just wanted to hear yall's opinions on what's a good cap rate for multi family properties here in the Rio Grande Valley.

You can speak with the seller and try to negotiate a Seller-finance situation.Time to put on your thinking cap, hustle, and figure it out!

AND I believe they are now capping how many days you can str these places at like 29 days?

So we could be losing between $100-400/m (just on mortgage not including cap-ex or anything like that).

Cap rate at 5.97%, IRR at 25.70% and COCR at 10,292.97%.I refute two of the listings in their comparison that were on the higher end of costs because one is a lemon that is over priced and doesn't work well as a rental (but maybe as a BRRRR, and the other has zoning issues with non-compete agreements attached to the title.I think that $255,966 is the price that is on the good side of fair.

I figured the rehab at $65.00 sqft making the total rehab costs at $701,000.00, the total acquisition at $906,000.00. the cap rate will be around 7%.

Since the property isn't "stable", I'd look at as a discounted CF UW vs. just capping an NOI.

I'd tip my cap to the 5-day proration and move on down the road.

The internet will not tell you anything, All you need to do is connect with those that provide rentals with the cap rate you are happy with and allow them to handle all for you.