You might be interested to know that the average cap rates by number of units:Duplexes: 4.36 (4 Sold properties analyzed)Triplexes: 5.02 (6 Sold properties analyzed)4 Units and Up: 6.27 (4 Sold Properties analyzed)The average from these 14 properties was 5.19, all sales within the last 180 days.I found several interesting things in breaking the numbers down, but one thing that obviously jumps out is that the caps are higher the further away from single family you get (I consider legally secondary suited single family residences to be in the same category as duplexes).

I have not heard of these but just to add another option $297 and $37 on facebook or instagram would go pretty far for lead generation.

I have filed a small claims court suit and do plan to pursue it.

We will win the suit, but it could take months, and the buyer who has already had appliances installed will have to get them out and continue renting until this is ironed out. 

But if they're completely full and charging a premium then you're on to something.IOW - it's not always going to be a "build it & they will come", but take a look around and see what others are doing and if there's great demand follow suit. 

@Courtney LoneyNo properties yet, saving the downpayment and planning to live in flip by building a secondary suite for myself in a single family.

I know infill properties are popular in these areas, but I'd rather stay away from them because I do not see them as beneficial towards my goals.My main focus is on beginning with a single family home with a 2 bedroom basement suite, which I am willing to renovate/build.

Suite Turnover cost of 1 unit every 2 months at cost of $1250 per = > 7500/yr.Is this too low? 

Hello All,I am looking for critiques or suggestions to my 'hot sheet' I have compiled to help me find the best market to invest in that suites my goals.

Purchase price: $66,500 Cash invested: $60,000 Sale price: $145,500 The house had a garage turned into a mother in law suite.