. $225k could be a great entry point, or a terrible one depending on many factors.

That means working with an agent who knows the city inside out.Don't Overlook the Hidden Costs of TransportationIf you have a car, factor in parking — possibly a monthly fee (Especially in downtown and Montrose, Houston).

Property has 3units 7bd 3ba Sqft 2352 build 1962 Style CCCustomer is willing to hold the note on the home with set amount she is older and don't count on living forever.2 units occupied total of 2870 in cash flow1st flr $1790mth  3bd 1 ba2nd flr vacant ($1700-$2000 potential) 3bd 1baStudio $1080mth 1bd 1baTaxes is $12321.27yroil 3 zone furnace City Water 2 Electric boxesLocated 45 Min from New York5 min from University and College3 Different Mountain Trials and Parks  Shopping District and Medical Centers What questions would you ask?

The 1031 was cut on everything except real estate by the last admin- Don't count on it existing forever.

Principal and interest payments are not a factor in cap rate.Cap rate is the Net Operating Income (NOI) divided by the property value. 

It comes down to your comfortability.With 2-4 units, you would qualify for a higher loan amount because they factor in the income from the other units.Whenever I write offers that are not accepted, I always ask for feedback as to why the other offer got accepted.  

The cap was the go-to metric 15 years ago when I started investing, now it seems way more factors come into play, such as appreciation, quality of the property (I bought something with a 22% cap in Braddock PA last year, but also the wind could blow it over at any minute...), and estimated future value increases.  

Hence one of the factors driving up the acquisition price. 

It is crucial to analyze a market before you invest in it.There are various factors that you can analyze to have a thorough, multidimensional analysis of the market.

We did this because we won’t be living here forever, and want my full entitlement available for when we do move for a primary residence that will not become a rental.