Does anyone here invest in MF in Kileen Texas?
I currently live in Austin and am looking outside the city for MF investment properties (4 to 8 doors). I've found some seemingly great deals in the Kileen area (of which I am not too familiar with) and they seem a little too good to be true (rent being ~2% of cost). But then again, maybe I am just used to Austin area prices. If you invest - or explored investing in - the Kileen area, I'd like your input. What are the vacancy rates in the area? What are the typical rental rates for B-class properties? Also, what are typical cap rates?