They would all be advertising in the same magazine (we all know the three popular ones) and selling to the same folks who we all talk with (West Coast, Northern USA investors and or international investors).

@Neil SternYou should be able to get a residential loan if your income supports it, if not you might have an issue with a commercial loan, since a 3 family in not so good neighborhoods is tough for commercial loans.Good luck!

@James Wise Do you personally market your REI services via Direct Mail, other advertisements, etc. ?

Many responses on this thread felt like "meh, lower your expectations and go for it, the market is awesome and will support it".

That's an issue with outdoor advertising - you have no filters on who might call you, whereas with search they are using specific keywords and with direct mail we mail to specific people.Signs produce the lowest cost per call, but also the lowest quality calls.But also - if they were confused about your message, reduce the # of words to only what is needed ~ "WE PAY CASH FOR HOUSES - 888-999-7777".

I have found Polio support and free training to be excellent.

So, of course it makes sense to purchase a property with a higher advertised CAP rate.  

From my understanding of the FL market, there are many opportunities to get in at a very reasonable price and the rents are there to support the cash flow.

Live in an old building that doesn't support modern technology whatsoever.

Looking to REI to escape employment, fund my four kids' education and support philanthropic endeavors.