Once we get comfortable with our first unit, our goals are to look for additional multi-family homes in West Michigan and Northern Indiana (ideally within 3 hours drive of our place of residence).I'm a transplant from Oklahoma and work in the golf industry as a tournament director for a major championship.

@Jack Martin The thing is I'm biased because of the industry I work in (IT).

So I want to understand this industry better so I can minimize costs and increase investments opportunities.Thanks for replying to my post Odie, I appreciate it!

What industry does not have “gurus” pitching classes for the clueless! 

College has its place for learning and can provide a lot of benefits including a degree, which many industries require.

If you reach out to others there, you’ll learn more, network, find local deals, and possibly a mentor or even a job in the industry.

CAP rates will vary across the different niche asset classes (MFR, trailer parks, strip malls, offices - various classes, industrial, etc).

I am new to the Atlanta real estate investing market and was in hopes that some of you would want to meet up for a coffee or lunch to talk about the industry or network for future relations/opportunities.

Please perform proper market surveys on COMMERCIAL or industrial investments not just MFR.

Best thing to do is encourage them to stop estimating and pick up the phone to talk to actual industry individuals for some real numbers!