The square footage of the 2nd home on the property appears on the parcel info as an "extra feature" but it does not appear as part of the "heated area."

I'm having a bit of a difficulty understanding Cap Rate, I figured I knew my numbers on this but I can't seem to calculate the same number BP is showing on Rental Property Calculator.

I can do email marketing but PS lakes the key feature called dynamic data. 

The FHFA 7% rental property mortgage cap came out in March.

I made a quick features comparison.

Bank Tower in downtown Los Angeles will spend $60 million to upgrade and reposition the 73-story skyscraper that has been a prominent feature of the city skyline since was completed in 1989 but has labored to attract tenants in recent years.

Cap rates are very low right now because appreciation has been strong (which drives up prices without corresponding cashflow) and interest rates are down (which increases buying power per $ spent).Going forward, rents will probably climb as the inefficiencies in the market catch up, interest rates climb, and a greater percentage of the population is unable to purchase homes. 

The goal of the deal is to provide cash flow rather than a huge return on exit.For a starter boutique fund, I was thinking about capping at 5 million, doing a 7% pref with an 80/20 split.

Just cap those ends.

Semi annual taxes here are $1239, and cap out at 2% non owner occupied, out of State owners.