If a cap rate is high at, say, 8%, it means that it is less expensive to is to buy multi family property. However, when selling, your property value will be less
Option 1: At a minimum, must have earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years and reasonably expect the same for the current year.
Option 2: Have a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).
Reference the SEC guidelines at https://www.sec.gov/answers/rule506.htm for a more detailed description.