I might check into that card as the cap on the 6% gift cards is $6000 and I spend well over that! 

The given expense ratio is about 30% and the cap rate is 13%ish. 

Using the calculator I needed to go down to a purchase price of $200,000, assuming $50,000 for repair and ARV of $300,000 before the number started making sense (COC of 10.44%, positive cash flow of a couple hundred dollars, and a Cap rate of 7.10%.  

I assume the CAP rate of the multi-units would need to increase to keep up.  

Both can be a good investment. 2 things I would watch out with condos would be the rental cap restrictions and HOA fees and restrictions.

As recently as several months ago, there were plenty of lenders who would cap an investor at 20 loans, now there's only a handful that will cut you off at 10.

Many lenders also put a cap on the number of properties you can have as a criteria for lending to you.

What is the cap rate you are looking for?

The homestead exemption doesn't even do much, they've been reduced so much they are under the cap.There are formulas in MD for real property taxes that one can use to calculate based on assessed value in our system and caps, etc.

Fail.38.97% Cash-on-Cash Returns13.55% Cap RateRULES / RATIOS at $3,000 / month.50% Rule: $3,000/month = $1,500 to expenses, $935 debt service, $565 cashflow = $141/month per door.