And you are incorrect about some of the states.

Setting clear goals will guide your decisions and help you stay focused on properties that align with your vision.

I would argue though that not starting depreciation on it in 2024 is incorrect. 

By becoming an expert in my personal market I feel confident in correctly evaluating deals based on both their numbers and their location.

Let’s unpack why cap rates take a backseat and why Yield on Cost (YoC) drives our decisions, offering a framework that any developer or investor can apply to make smarter, more disciplined choices.Cap Rate vs.

#1 problem - they either don't properly value their own time or don't really understand how time intensive getting work done on a property is.They incorrectly assume that either:- PMCs have handymen that can handle everything for a $x/hour they got off Craigslist ad- It only take minutes to call 3 contractors for bids, schedule appointment with the tenant(s) AND the contractor, meet contractor at the property, get bids, review all the bids for completeness, then schedule work, inspect the work to confirm quality & completeness, verify any warranty, etc.They are only partially correct. 

Listing agent feedback was that seller viewed the removal of the inspection contingency as risky for seller which swayed the decision to the other buyer.

In these times the $100 penalty is to incentivize the owner to make better decisions - lower price and/or loosen rigid standards.

That is the decision maker.

A well-defined buy box can help streamline your search and ensure you’re making decisions that align with your investment goals.