@Caroline Gerardo:The statement made was clear... there is obviously an "and" after what you quoted...We can't make assumptions about what the officers contract was with his or her employer.

I also live in Durango.I would challenge your assumption about wanting to invest in single family.

 A lot of assumptions are being made. 

The cap rate measures yield on an investment based on these assumptions, and therefore, is mostly used to compare to risk between assets as if they were apples to apples.To illustrate further, most investors know that if you purchase an 8 cap property with leverage and don't make any changes, that you will not be making an 8% return. 

I am operating under the assumption that the listings cap rate is based on the standard Net Operating Income.

I have no comment on monetary policy, but I will say that I know lots of folks that keep x number of 100$ bills in a safe place as emergency money.... so my assumption is this is why 100$ bills are “disappearing” 

Projections/Assumptions become more accurate and tailored to your own experience. 

Lot of assumptions can be made.Please don't take my message as advice on telling you what to do, it's just what I've done starting out.

Again, let me know if there's something else going on here but that's the assumption I am working under.Now, there are LOTS of things to talk about when using a renovation loan to buy your primary home. 

Have you heard of a VA assumption loan?