Cap Rate Catfish: Turnkey Until You Turn the Key
- ricklahkar
- Apr 29
- 1 min read
Expectation: Turnkey 6% cap, zero deferred maintenance Reality: roof older than my license, HVAC wheezing in Morse code š§Æ, estoppels signed by the dog Lender: need final rent roll + updated T-12; Excel: #REF! as a service Seller: no issues; Title: three surprise liens and a buried UCC; Me: casually screaming šµāš«
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