The building is in rough shape but it current functions fine for the current business that’s in there.

Take a bunch of time and use the search function on your questions.

By operating I mean make sure house functions like heat system, water, kitchen, bathroom, bedrooms are ready to be used and lived in.

Despite what most people think, cap rates are less of a function of revenue/return are but instead an assessment of risk.

Among the 20 largest metro areas nationwide the most overvalued city is (drum roll!)

It’s the largest REIA in the area and there are investors of all strategies on there.

Risk is made up of many items including eviction rates, tenant quality (very much a function of vacancy rates), vacancy rates, etc.What this really means it that different markets have different strengths and weaknesses.  

BP has a purchase calculator that I believe has both functions (cash flow and appreciation). 

https://www.bizjournals.com/lo...The more you know...

@Kyle Kinkead likes others have and will say, shop around local and create relationships with banks where you want to do business.For your operating accounts and savings, I am a big fan of Chase since they seem to be everywhere that I work but they also have great online functionality.