@Tiffany Ralston Cash on Cash includes the down payment, but I believe it should be isolated and measured on its own.I use the break-even formula. 

I personally prefer to invest my money in my rental property acquisitions/sales business because I get my highest ROI on my dollar there- much higher than when it's invested in passive income... but I'm by no measure retired doing this, I work quite a bit. 

While GRM is a type of comp, it's sort of a hybrid between an investment return measure like cap rates (since it at least considers income, though not expenses) and a strict comp measure like price per unit.

-Total debt isn't a good measure of risk in this case because, well, its not risk adjusted.

who did the cabinet measurements, do you gave blocking in the walls to support the cabinets?

You are severely limiting your opportunity to grow if you do not Learn to vet, work with and manage your PM's. wealth is measured in time not in dollars.

Cap rate is just a snapshot in time and doesn't take into account the longer terms benefits and risks. it is only a  measure of current cash flow. 

A lot of them are asking for the govt to implement some sort of rent control or other measure to influence housing prices.

This is hard to measure and I just don't like it.  

I have heard it is 50/50 but have also seen that people are supposed to make the measurement of deductions based on square footage.