There is a housing cap here so appreciation is pretty awesome, historically. 

I was told I was crazy to set up shop in the Cleveland markets 10 years ago, well how wrong they all were. 20 -30% net caps on top of the double, triple or more in value.

The previous owner only used VRBO, and in the listing it was in all caps “AWD strongly recommended, not required, refunds will not be given for not making it up the roads….”It was 80% booked last year.

I'm sure Judge won't understand/appreciate that deferral of cap gains. 

Majority of north side 5+ has been selling at extremely low cap rates but they are still selling just way less transactions and often cash. 

Cap/ex and management costs will destroy that low of rents.

Cash purchases can yield you 10% or more net caps Good luck 

We are able to get a higher cap rate in Detroit compared to California while simultaneously spreading risk over multiple properties.

If you are looking for rentals with 10% net caps or better with all in pricing of about 100k for SF, and about 45k per unit for MF ,  there are much better markets for cash flow, Good luck 

Below are some more details and a few questions.PROPERTY/LEASE-rural Minnesota town (around 5k people population)-built in 1974-property is in good condition, right on the main street-10 units ranging in sqft-1 unit on a 3 year lease, 7 are on a month-to-month lease (not sure how long they've all been there), and 2 are vacant (yearly rent for these 2 open units combined would be around $22,000)-there is room for about a 5% increase in fair market rent for the units on a month-to-month lease-the expenses paid by the owner are taxes, insurance, utilities, snow removal, cleaning the common areas and minimal maintenance-yearly rent $133,560-yearly NOI of $103,447QUESTIONS-what are people seeing for office/retail CAP rates?