@Bryan Templin a cap rate is a function of several factors like location, sale transactions and specific to your local market that determines the value of the property.Since value is determined by NOI and cap rate, your focus has to be on ways to increase the NOI.Good luck on your deals.

The idea of "send out 10,000 yellow letters" vs. "10,000 postcards" doesn't really exist for me in reality given I function on a fixed budget.  

The only issue was that the furnace was old but functional.

Paul - "Steady hiring, moderate apartment construction align to restrain vacancy. "  "Robust demand for apartments is boosting rents.  

You should be able to find it through the search function just by typing in Roofstock.

HI team, Im looking for tool i can use to extract property information in different stats.Some of the functions im looking for are: Searching for specific property, finding the last sale of the property, owners name and phone number, size of the lot, number of bedrooms, year of construction, etc, etc. 

Depending on your loan type you may have issues when the appraiser reports 5 functioning units in what is only supposed to be a 3-unit building.

They function.

That is an important step-wise distinction in how the contracts would actually have to function.  

If I understand your question correctly, the first thing to determine is does he want to function as a bank or as some form of equity partner?