Evaluating deals, not finding good numbers

[Joe Henry]

I'm a beginner investor (have not made any purchases) living in LA and thinking about relocating to the Raleigh/Durham area in NC since it's a growing place (would also be interested in your thoughts on this).

However, I've been online evaluating every multi-family unit I see for sale in the triangle area and am having trouble finding deals where my cap rate is above 6%.

So question, do you usually eliminate these opportunities and keep looking (just wait for something good to come on the market), or go see the properties and do your own more in-depth assessment of the situation?

If anyone has anything to offer on investing in the Triangle area right now I'd be very eager to hear what you have to say as well.

Thanks!

[Bill Gulley]

What are you calling "multi-family" listed on the internet? 

How do you determine a CAP rate without seeing the place?

And, if you can tell me how to find my CAP rate for a property sitting at home on my computer I'll make you richer than you are! :)