How thorough can / should a sample multi-family deal be?

[Joshua Rainwater]

My assumption is that the best thing is to "simulate" potential risks as well in a sample deal. At the same time am I correct that due diligence and good underwriting can curb much of this in a real scenario? How can I create a model without having all the details in terms of operating expenses and the state of the property that come with having a property manager review the books etc. up close? What are key things to include in a sample deal that can help give as a realistic picture as possible to potential investors?

Thanks folks!

Josh