I acknowledge that "vacation home" is not the same as an investment property, but they did consider cap rates as part of their calculations: https://vermontbiz.com/news/20...In case the above link doesn't work:VermontBiz.com Most buyers in our market, however, do not purchase for pure investment purposes, as better cash flow can be derived in any number of other markets - as Mark pointed out in his reply.

Why would an investment shop focus on low cap rate properties? 

I also own a condo in Cap Hill and will rent it, with a small cash flow. 

Short term cap gain rates are taxed at ordinary income rates.

Again, consult your tax professional.Natalie is correct and that the gain is $350k. 50k of that may be capped at 25%

I came across a duplex that just hit the market in Cleveland heights on Altamont St.Here is the breakdown:Multi-Family DuplexUnit down will rent for $925-$950/month Unit UP will rent for $1,100-$1,150/month Taxes: $4,337 CAP Rate: 13 1/2CAP Rate w/ 8% Prop Management: 12 1/2For those familiar with the area is this a good location in Cleveland Heights?

So being conservative at ARV of $230k cashing out 75% = $172.5k and payment of $1018.00/moAssuming $2200/mo at 5% vacancy = $2090/moSo PITI = $1879.02/mo Payment and interest $1018/mo Insurance $107.27/mo Taxes $753.75/moNET = 210.98Add garbage/sewer at $50/mo and Cap Ex at $100/mo (being conservative.

An 8% cap rate is average for our C class areas.

It seems on one hand you say that we would indeed meet the cap gains exclusion if we lived there for two years.

The place is a duplex that has great cash flow and a cap rate of over 10% but it is a hassle to sell because of the partnership and I can’t work with him anymore.