Position yourself to be the vessel to bring them from their current (painful) situation to their desired situation...THAT my friend is value.

Could this be a vessel for future investments?

They are only moving out because of budgetary reasons.For me, the condo was a vessel to buy other properties.

Yesterday, I read about a Rehabilitation Tax Credit that provides what appears to be a 10% tax credit for restoration and rehabilitation costs do properties built prior to 1936 or a 20% credit foe those that are certified historic structures - such as on some sort o historic registry.I have a rental home built in 1920.  

If hard loans/ loans are the wrong way foe Flipping then why are so many flippers using them?  

It should feel and function just like a 'proper seagoing vessel', like a boat with a heavy keel.

I would go to the  Lakewood Vehicle Vessel Licensing location (google for address/phone)and speak with one of the reps there.

AND we had to use the glass sink due to it was a 18x18 inch vanity only one that would fit with PIUS, and their vessel sink was not something that went well for this house. 

Think, what is the highest and best use foe this property and does the highest and best use include retaining the existing building ie. adaptive re-use, building new or a combination of both.

Justin, cap rates just measure the demand for NOI in a market at a particular time foe a particular asset class.Trying to misuse it to come up with a profitability predictor is futile.