NOI divided by purchase price gives you cap rate. 

Other insights to be gleaned from the stats: Cash purchases dominate more than ever, representing over 62% of purchases.

Financing depends on your scenario and what type of property you're purchasing.

I recently purchased a triplex in Pittsburgh and have had success with it so far.

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

Second only to fixed costs of operation which disproportionately impact the lower cost properties often leased to subsidized tenants (also rarely represented correctly on spreadsheets pre-purchase).

I had to have Anderson re-do one of my LLC's from the other guys to save me money in annual state fees ..I look at it this way, as long as my business/investment income covers the costs I don't have a problem paying for reliable - worry free information and work.

Quote from @Roger D Jones: Quote from @Fred Scott: @Roger D Jones:  Any insights on why the North Carolina purchase in Fund IV makes you nervous?

@Mike ReynoldsSeller financing is allowable for Solo 401k purchases.

Purchase price: $450,000 We bought this park for $450k.