Insights on cap rates for apartment building in 44313? I know there are variables. In analysis of subject propert the cap rate for 103 property in this area is 5.4%. Requesting investors insight in this market.  Thank...

I only spoke with one person so far and they scheduled for more information gathering/ rental investment calls from them this upcoming week.

You will have to gather more accurate operating costs (vacancy loss, taxes, utilities, insurance, mgmt fees, maintenance, HOA) to best determine potential future performance.

I am in northern Minnesota, I'm still roughly a year and a half away from graduating so I am just gathering info at this point.

Any advice on end of the year things I might need to gather is greatly appreciated.

So I gather this isn't a deal that most of you with experience would do? 

I'm currently corresponding with my property manager to gather information of the condition of the property as well as discuss our next course of action. 

For example, say I have a foreclosure, or expired listing lead that I would like to find accurate phone numbers for for prospecting.

One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.  

I'm looking at expanding into out of state and just trying to figure out what questions I should ask/data I should gather to make an informed decision!