They called and told me the keys were on the counter, that the house was clean, and it was ready for the next tenant to move in.Click on the link below to see my YouTube video of what I found.

It's not illogical to think that way, but it's ... an immature way to look at valuing an investment opportunity.Think of CAP rate the same way you might think of bonds: a treasury bond (the safest investment out there) might give you a "CAP rate" of 3.5%.  

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you expressed an interest in the three most popular niches, I added all of them for your review, as well as Podcast 042 that focuses on wholesaling.http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)https://www.biggerpockets.com/renewsblog/2013/10/31/wholesaling-podcast-mike-nelson/ (BP Podcast 042 - wholesaling) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

All the comments above are spot on, see this link for Ohio specific information...https://www.kapre.com/real-estate-courses/ohio/state-requirements

I guess this is true for all SFR... but it seems that if you can get in at the right price, people will pay very inflated rental prices to live in the Forest Hills School district which gives a property a better chance of cash-flowing.

Seller financing is great and if you bond with a seller you may be able to get them to come down on that down payment substantially.

@David KrulacAnd that probably doesn't even account for inflation

Small lending will get a chance, small business will find better rates, bonds will finally become worthwhile, stocks PE should decrease, and retirees will get a break.  

For more info on that keep an eye out on Facebook for when we release the sign up link this week.

Below are some quick links to get engaged on this site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categoriesREI books suggested by BPershttp://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?