You could also take your climate into account, if one season will have a much higher energy demand just divide that out across the year. 

Opportunities for operational value-adds are often caused by shifts in the property’s surrounding business climate, an owner that does not have adequate commercial real estate investment sophistication, or an owner that simply does not have the capital necessary to keep up with maintenance and marketing.An example of this was our investment in Village Park at Palatine, a 1977 vintage, 448-unit apartment community in a high-quality suburb of Chicago.

We expect rents to increase due to the strong job climate and related population growth. 

Pex IS NOT a substitute for insulation/heat tracing in cold climates, in areas where plumbing is exposed to the elements.

Some other items, in addition to those pointed out by the OP, that point to continued rent appreciation include increasing minimum wage, increased interest rates making it harder for first time home purchasers, near best climate. 

We have relatively cheap land available for growth, limited natural disasters, a nice climate (a  bit warm in the summer), a business and personal friendly tax structure etc.The rental market is strong, we receive multiple applications on most properties in days.

Climate controlled storage - though the metal to construct the individual units is pricey, thought about starting there and then constructing outdoor units once it was bringing in money. 2.

They didnt work that well in colder climates so its hard to imagine one as far north as Allen Tx. 

Some of the “creative” financing methods I’ve used over my 40+ years as a real estate investor can only be utilized, or are only profitable in certain specific economic climates.  

After 4 years, City regulatory climate (and HOA board) were becoming more difficult.