You learn #2 out on the streets not behind a computer screen.

A higher cap rate is an indicator of the lower quality of asset.

My fear is that quality deals and projects will never make it to the capital market place, as the market will forever be in the hands of private marketers and private hands as it too rich a pipeline to concede to the open. 

Screen shot of internet speed4.

There are 2 things you want to screen for:1.

From my research, rents seem to be a bit lower than market values but due to the low quality of the building that makes sense to me.

They never follow through, do very low quality work and are drawing you out to allow them to live rent free for as long as possible before eviction. 

YES - If this is truly a project HUD building where HUD 'guarantees' rent for all units then there are very specific / screening / reporting / inspections requirements that you must meet; tenant income thresholds, REAC inspections, etc.You can do this yourself (HUD has to approve you to self manage) but most owners elect to hire a PM who is licensed / knows the systems / paper work / HUD office contacts.

as well as things like syndicating listings, screening surveys, applications and background checks. 

I have talked about the importance of screening before, and it’s critical to screen diligently so you get tenants that will pay each month.