It is not a good measure of determining whether or not a particular deal is good, especially small rentals, except as a potential hurdle for further analysis.On paper your deal looks OK.

Just to take measured steps toward your goal and you'll get there. 

Would be a great way to measure the speed in which someone goes from Hello to cursing at you. =) 

Hey all, What measures do you take before renting to tenants?

For one, think back to the most elementary concept in investing - return is a measure of risk.With MJ becoming legal, it would be reasonable to assume that the return investors demand will drop with the decreased level of risk associated with the business.Second, it is my understanding that it’s currently much easier to attain a license to grow/wholesale than it is to retail (especially in a brick & mortar environment).In my opinion, that is likely to cause a systemic imbalance between the supply and true long-term demand.  

And 36 Other Key Financial Measures- Multi-Family Millions- ABCs of Real Estate Investing- Best Real Estate Investing Advice Ever

Might cost some $ but you can hire a surveyor to measure your lot.

My son was just measuring for window treatments but the home appeared unlived in and the cats were out of control.

It can be objectively measured by comparing travel habits, spending habits and the bonuses that come with them.

The records or other documentary evidence must support all the following: The amount of each separate expenditure, such as the cost of acquiring the item, maintenance and repair costs, capital improvement costs, lease payments and any other expenses.The amount of each business and investment use (based on an appropriate measure, such as mileage for vehicles and time for other listed property), and the total use of the property for the tax year.The date of the expenditure or use.The business or investment purpose for the expenditure or use