The house cash flows about $1,000 a month, but I could get more by renting out 2 of the other empty bedrooms.What made you interested in investing in this type of deal?

Unless the economy really goes sideways (it's not yet) what's stopping these investor/buyers from holding these empty cabins?

When the Tenant vacates, the garage is empty and clean just like the house/apartment.Renting to non-resident parties can be extremely problematic.

If I buy an empty lot (non homestead) at the tax sale, I have to wait 6 months for the redemption period.

It rarely goes empty due to competition of companies trying to occupy the best offices in townvalue of the building is $15,000,000The building qualifies for the 50% rule.Monthly income is $140,000NOI is $1,500,000The cap rate is 5.6%CoC ROI is 11%These are the figures from the management responsible for taking care of the building.The property is only 4 year old since construction and has only corporate clients like banks, insurance companies, Forex Trading companies, Sacco's.

One unit is empty because it needs complete reno and others are rented well below market rent but they are bringing in a total of $1,200 a month as of now.  

The one rented last year was empty when I was showing it, yeah.

I'm taking into consideration all the variables of renting (maintenance, taxes, property sitting empty for a month, repairs due to a bad renter, etc).

I account for 5% vacancy just the same, but so far with my management style, they do not stay empty for long.

An apartment sitting empty costs money.