We invest in MF in New Brunswick... landlord friendly (no rent caps), low vacancy, and low price  per door. 

The net cap that he thought he was going to get is also much less.

I do stick to my criteria for where I want a deal to be as far as cap rates or whatever rule you might use.I do have some reservations for taking on some bigger projects because of the mental capital (and actual capital) involved so I may pump the breaks on that this year but again there's a potential hang up.

That said, given what's happened with rates and prices, potential new deals in those areas aren't looking as attractive and the cap rates in a lot of the deals we are looking at aren't even clearing our financing cost.

KW offered me a way to pay up to a certain amount and then I would “cap” for the remaining part of the year and earn basically 100% commission for the remaining time, resetting each year on an anniversary date.

If you feel good about the area, then run the numbers on the properties you are looking at, and make conservative estimates on repairs, cap ex, maintenance, etc.

-CoC return in first year would therefore be (-3k/100k)% or -3% From listing:-$50k rent roll, $40k current NOI, 9.1% cap rateWhich is confusing.. are they optimistically listing the NOI?

The properties I've acquired myself have performed extremely well (extremely high cap rates and cash-on-cash returns).I started out self-managing my own properties, but I took on a few clients who were attracted by seeing how well my properties were performing.

Cost is immediately, understanding that you will be capped commonly at 75% of either value or cost.Terms: My commercial loans (last looked about 8 months ago) were 75% LTV 20 yr am, 5 yr term and at the time they were 4.25%.

This can be a benefit to borrowers (hard money lender requiring zero seasoning period) or a detriment (choosing to cap LTVs for properties owned less than 5 years).