Fred asked the natural first questions.

Markets are pretty good at responding to supply and demand naturally. 

This allows your property to naturally appreciate while you work through your rehab.

All of that said when a natural turnover occurs you should complete your rent ready rehab & advertise it for the full market rental amount.

SFR’s, Condos, townhomes, duplexes, and 4 plexes.Now with that said I know that CAP rate does not equal market value, but I use it to judge the performance of property A vs property B, assuming they are similar in nature.

If you were able to relocate anywhere in the country, where would you go?My wife and I (and kids) can pretty much relocate anywhere. Our main purpose is for house/apartment investing, using a BRRRR strategy. We could ...

@Daniel DietzYour assumptions are largely correct, depending on the nature of the syndication.The returns you receive would be 80% leveraged.  80% of the income received would be debt-financed, and therefore considered UDFI subject to taxation.  80% of normal deductions such as depreciation, interest on the note, etc. would be applied to reduce the taxable income, and there is a $1000 standard exemption against UDFI that also applies. 

Mother nature may not let you build for $90/sf.  

Hi Cody,Is natural gas available at your property?

If it was violent or more serious in nature, I would disqualify him.