I have used this to generate benchmark expenses in target markets.

The cost of recouping an investment and the time to recoup along with the amount of total investment recovery being the strongest benchmarks in creating those underwriting guides.Making simple situations complex without prior experience of even simple situation can magnify the loss.

Especially since my benchmark is a nice, low-maintenance S&P 500 fund that has historically returned an average of 12% yearly over the long term.If you're in a better area jump in!

I finally bought my first new couch from a store after meeting my first big benchmark of $1MM in RE :) Not too expensive, but It's great!

So you are using loss to lease in an operational capacity as a benchmark to where you would like to be. 

If I'm benchmarking this investment against the S&P 500 which returns about 9% annually with dividends reinvested over the past 30-40 years, would IRR be the correct tool to use?

If I can get purchase, closing costs, holding costs, etc, under that $90k benchmark, they will immediately refinance so I can pull 100% of the money in the deal back out.  

Hi BP, I am looking to benchmark operating expenses for a portfolio of large apartment complexes throughout Texas, specifically in the Houston, Fort Worth and and San Antonio markets.

It seems to me that you would first have to establish a benchmark.

check out this article for some ideas of what will give you return for your $$http://www.remodeling.hw.net/benchmarks/cost-vs-va...