@Betsy Bishop Hmmm, I might have to make some assumptions here....and they might be pretty big assumptions so bear with me.When you purchase an investment property you get to use income to help you qualify.When you purchase a second home you don't get to use income to help you qualify.When you purchase a 2nd home, no income can be used to help you qualify.When you refinance a 2nd home, no income can be used to help you qualify.So if you didn't qualify then, you probably won't qualify now. 

Maybe it is a wrong assumption. 

There isn't a ton of information to go on, so I'll have to make some assumptions, and my answer may be more questions than answers lol. 

@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.