The building for sale is exactly like mine so I’m familiar with many of the standard cost (insurance, taxes, hoa, general repair cost).The seller list in his remarks that it has a 9.2% cap a couple different times.First off, the auto generated cap rate from the MLS doesn’t even list that, it lists 7.64 based off the numbers entered into the listing.As far as the numbers entered:The income ($33,060) minus expenses ($8,965) does not even equal the posted $21,000 NOI.

I can see it myself on the tax assessors website, the lot is indeed subdivided into 15 little squares.

I spent about an hour today poking around Polk County tax assessor and other websites, and managed to locate this property but I couldn't find any specific numbers for taxes/tax history on the properties.

Multi units are by far the best investment to grow quickly and generate the maximum cash flow.

I've posted a case study of the model on my website below.

But I do have experience in marketing (website, white paper, social media).

The city and county have employees that check the websites to make sure that each property is legally licensed and allowed.  

I think I would be hard pressed to generate cash flow with buy and hold, within my current financial limits.

The process has been less then smooth or ideal in many ways, but we soldier on given I can't find another way to get Wheelhouse rates into Airbnb, VRBO, and our own website. 

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