We frequently hear investors chasing properties that meet the "1% rule" which in my opinion is a  flawed underwriting practice (have posted on that very subject a few times in these forums), but in order to achieve a 14% cap rate your Gross Operating Income must nearly meet 2% of the assets cost assuming your operating expense ratio is at 35% (which is very lean on operating expenses).

After 6 years that is still the worst trashing of a place I have ever experienced.The next time this happened, 22 people showed up to a cabin with a max occupancy of 8.  

Vacancy rates may also rise slightly under this scenario.The retail market's performance will depend heavily on broader economic trends, particularly employment growth and consumer spending patterns.

You need time to get your feet wet - and doing it on a small scale is WAY safer than getting into a 6 figure renovation.Flips are for one time cash, and rentals are for long term cash-flow.  

That’s the second time in a few days I heard something about Stratton Trust being a sham.  

I keep getting a pop-up at the top and bottom of the page and am having to close them out every time I move around the forums or my page refreshes.

Either continue renting to them or sell the place for cash, but doing financing for someone the banks have already determined is not creditworthy is not a good use of your time.

I have reached out to complain so many times and still have not heard from him to this day.

You will still have to pay someone to live somewhere anyway so you may as well build equity at the same time and as a backup plan, sell the property if you are not going to be able to rent it out.

For this type of asset you're looking at the NOI, and calculating that is incredibly important.