Or as a wise investing friend of mine once said, "You can't eat a Cap Rate"...meaning that even though a Cap Rate might be very good, cash flow might be terrible, depending on how the deal is structured. 

We just arrived to Spokane, WA from England in November and since then I've been trying to eat up as much information as I can get my hands on about investing in Real Estate. 

Like Mari-Antoinette supposedly said, "Let them eat cake."

Also... repairs on a 2200 sq ft yr 1910 house can add up super fast depending on what it needs it could eat up the 30k difference in a few jobs.  

Our reasoning is that IL has higher monthly rents but the property taxes can eat up those margins, along with a higher sale price. 

Here in California, the tenants would eat you for lunch with the full backing of the local laws if you were too lenient.I am more like Mr Potter but not in a mean, spiteful way.

Seed   I don't know most of the answers of your question.. however having been raised in Cupertino I have been in a few incubators.. and they look pretty much like you would see on TVthe one that realtyshares started in was in one of the TISCH buildings in Mtn View CA... it was one floor of a 10 story office building it had secure elevator access.when you popped out the central area of the floor was eating area.. of course you have to have a ping pong table.. and some other cool stuff kids like.. then if you can think of all the little incubators along the walls all the way around the floor all 4 sides.. and then some out in a bull pen type arrangements.. it was fun.. kids working on all sortys fo different apps software and things..

At some point in my life (embarrassingly ) remember watching Julia Roberts Eat, Pray, Love.  

CapEx and Maintenance can eat you alive with these type of properties.  

That eats up all their "profit".