I would not make any mention of cap rate to the seller of a residential property or their Realtard as you may just confuse them but I like that you are using this as one of your evaluation tools.

They have painted, used power tools, measured and cut siding, placed trim, dug ditches, cut sheetrock, pulled carpet, filled dumpsters, swept roofs, raked yards, cleaned driveways and gutters, built walls, hung new cabinets, hung notices, sat in court, and so much more; if they knew it or not learned more hands-on Real Estate than any book could teach them.All that said, my 23 year old daughter wants to get into the business.

There are a few "evergreen" niches, however, that are the most popular and consistently profitable: dating, diet, skincare, bizopp, ecigs (recently), credit reports, background checks.

Especially since casinos aren't even really popular now, and the fact that a vast majority of homes are owned by investors. 

I'm also sticking with stainless, which seems to be the popular choice these days as well and I think the market calls for that as well.

Also, I would ask if they use CTMe contracts (popular electronic contracts program).

Is this fellow just popular because he shares or is he dealing?

@Doug HadleyI am not endorsing Harbor Freight Tools, but the reality is, they are alot of bang for the buck.

I actually plan on getting the license as a tool to help me buy investment properties and some flips.

Popular with families and close to Lake Ray Hubbard.