All that said even assuming the long-term rates will rise, the cap rates are a function of the local economy showing by how much you anticipate being able to raise your rents over your holding horizon to meet your IRR target, that is why an urban high-rise apartment building in St.

Once again, great post, and great inspiration to me (not yet done my first deal, still trying to figure out what target strategy I want to attack at).

Were talking our "target" kind of property that has our attention with strong rent potential and minor changes to achieve much higher rent.Issue:While in inspection were discovering there is basically a rookie landlord with a bad lease agreement with bad terms and hot issue - a minor but mishandled mold remediation and all sums up to a really unhappy tenant.

You can decode these using the manafacuters web site

I also am utilizing a 401K at my work currently with a full 6% match (contributing 6% to take full advantage of the match) so that will continue to grow over the years as well (10K currently and performing well in a target date 2050 vanguard fund). 

And that 30- 35% (by area) number is a HUGE potential opportunity if properly targeted, marketed and people are 'reschooled' for sincere (win- win- win) reasons, I think???

Hey @Andy Fulton ,Your cost per lead will be determined by your ad targeting.

I'm going to be following this as my target market is mid tier and mostly small to midsized multi's 

@Remus Phillips Welcome to BP, Hope you hit your target of 10 rental properties in the next 3 years. 

Thank you all for your answers I am marketing more on Facebook and I have seen some leads come in, I was to keep marketing that way and eventually target a zip code and mail out postcards or some type of value that brings is the numbers