Deal info: Purchase Price $195,000NOI= $30,905Purchase Cap Rate : 15.8% Value add plan to raise NOI to $45,954Market Cap Rate 9.5% Value Add ARV = $483,726Thank you!

You have to pay money but they tend to walk you through the process and you learn from their expertise, process, and connections.You could also possibly joint venture with them if your funds are low.For Indiana there is good investor demand to buy as cap rates are higher for newly built product versus other states and property taxes are generally not overly high.What stuff usually costs will depend on contractor demand for the area.

@Guifre Mora: when we are pulling the cash out vi refinance in 30 days, Is there a cap ( of acquisition amount) on amount that can be pulled out?

Many studies have proven that a price cap leads to scarcity of units - people won’t leave a multi-bedroom unit even when the extra bedrooms are no longer needed  because it will costs them more to move to a smaller unit.  

But as other have stated, the cap rates are crazy low in Austin.

Question: Any advice on what to look for regarding cap rate for commercial property w/ partial NNN lease?

Cap rate and Cash on cash are low or negative too.

You have to divide by cap rate, so in reality that 3% savings would equate to a much larger gain in equity depending on your market cap rates. 

I factored in 5% of rent a month for vacancy, 10% for repairs, and 11% for Cap EX.

Attached is the Cap for review.