I’ve been wondering that same thing.Seems to me when comparing candidate investments, why would I pay more for an investment with risk and work (5% Cap multifamily), than a risk-free passive investment (5% CD or T-Bill).Note that going from a cap rate of 5% to 10% is a 50% drop in price…that’s significant…easy to see why a seller isn’t willing to give a higher return.I’ve asked the question before and gotten answers like it’s because investor borrowing costs vary, and you must consider future rent growth and appreciation … I guess if you have low borrowing costs and are optimistic about the future a 5% cap rate makes sense.

If you would like help feel free to reach out , but whatever you do, do not try and do this alone, you will get crushed, 

I'll typically contract work out, unless it's something I can handle myself - Residential purchases to turn into rentals (12 months or longer)I read a few posts and did some research, but I want to be sure I am selecting the right NAICS code.

Louis, feel free to PM and I will happily share there contact information :)

You can atleast get the mongrel to lose their free meal ticket by turning him in 

We manage our members property free.  

Feel free to reach out with any questions. 

A vacant and re-habbed unit allows the option of a tenant to move into it, thus freeing up the next unit. 

Go work for them for free and add value to them before asking any questions. 

Feel free to reach out if you have any questions.