WAAAAAAY more affordable.http://ktar.com/story/1908091/could-downtown-phoenix-be-the-next-major-hub-for-high-tech-companies/"Shannon Selby, the economic development program manager for the City of Phoenix, said the number of high-tech companies in the area has increased from 67 to 281 over the last five years, a growth of more than 300 percent."

I would start at the listed upset price to weed out properties that make no economic sense and go from there. 

Some towns have higher density requirements (i.e. 5 units per acre of land) that make it difficult to find enough land at a cheap enough price to make it economically viable.

Two, Aurora contains the top two economic drivers of the Denver MSA, Denver International Airport (37,000 employees) and the Fitzsimmons Campus (24,000 employees). 

As a newbie, you can take my advice with a grain of salt.The real estate cycle, just like any other economic cycle, is impossible to predict.

The value add will be mostly in increasing the projects occupancy from low 70s% to market occupancy (about 94% physical, 91-92% economic).

Detroit demands a very specific geographic analysis and execution of that analysis...and not a global economic trend analysis.Does the auto industry play a role?...

mid-sized apartment building, you should be working with an experienced broker and/or attorney who should be able to advise you on what materials and {diligence} conditions should be identified in your APS.Building on what has been stated above, be sure to include the collection of estoppels from all tenants (and suppliers) and to have the clock on your diligence period start only once the Vendor has supplied the information requested of them (in the APS).Other items which we typically request as materials include: all leases and contracts; blueprints, engineering diagrams and assessments; existing environmental assessments; authorisation to pull the permit and work order / citation history on the property; finances for the past 3 years; current rent-roll along with economic vacancy (physical vacancy, concessions, evictions); list of recent CAPEx; statement of reserves (note: this should be included in the financials, but you never know).

This is electric heat and it is very economical..about  60% of the cost for forced electric or gas heat etc

Federal Reserve Economic data generally show trends...Washington still looks like stable market...