And vacancy rates may also increase because of the amount of bureaucracy you have to go through to place a new tenant.So again, a lot of variables.

Happy to share all I’ve learned if you want to connect!

It's a perfect place to start your real estate investing journey. 

I've done my fair share of research into good 'rules of thumb', but not any that consider the cost of land in the area.

I originally posted this a year ago and I am happy to share the results in a comment on this post, but before I sway anyone's opinion I would love to hear your thoughts...So with that said, historically the industry accepted standard for underwriting a projected exit cap rate is the market stabilized cap rate plus a 10 bps for every year held.

They are a great place to start.4.

Bigger Pockets has always been the place to go, and I am looking for some help!

@Claudio Garcia ZunigaDo you have time to show the place or run over to the property on a Sunday to fix things or take calls at 2am?

If often more that they are abandanoning the property to the government because there is some type of constraint, i.e. there is a street light oddly placed in the middle front part of the parcel, there is a creek or wash (which means environmental permits would be needed), there is lack of true legal access, zoning problems, etc. 

Like my colleague said - there are some restrictions with trying to obtain another fha loan when you have an existing one in place.