Not very much at this point.The IRR is a measurement of an investment based on an alternative investment not taken, the capitalization rate is based on the return that you could have received from the same amount invested.

@Steven Hamilton II Alternate Scenario: I am not an owner ABC LLC.

LOL - most sellers use alternative facts and most agents can't do basic arithmetic, so having time to double and triple check the lease agreements, utility bills, rent roll etc., is just as, if not more important than a home inspection.  

Asking the right questions can save you big money.Joe Bertolino the reason why it's is popular is simple...turnkey providers can make 20k - 30k per transaction.  

@Teresa Miller:You might want to consider short term unsecured credit as a financing alternative.

I am curious as well why 6 month seasoning is so popular with folks on here.

I think electric cars are going to continue to become more popular in the cities, maybe having a charging station for tenants would be appealing.

I've said No every time except one and it was to a lady with a fantastic unit on a popular street in Portland. 

Alternate options are file a claim against your landlord policy (creates loss history and risks increased premiums in future), take the tenants to civil court for neglect/ vandalism etc.

I would check MLS, Craigslist, and other rental sites that are popular in your area.