Cap Rate measures risk and rate of return; however, what I read is generally that the lower the Cap Rate the better.  

Javier Fernández, D-South Miami, said that, while he was “heartened” by some of the provisions in the measure, he still had concerns.

If so are they specific, measurable, attainable, relevant, and time based?

For good measure, if this issue persists or for future issues make sure get a proof of mailing.

I use to measure the property and send drawings to vendors for quote.

Population Growth in United StatesSeries : US Census ACS 5 - Population Estimate (2000-2018)Population growth is one of the most common and important measures when doing due diligence for Real Estate Investment.

The County is showing 1380 sqft but the appraiser came up with 1116 sqft for each unit and my own measurement matches the assessor's numbers.

If you have three deals, you would look at these measures and compare them to the risks associated with the project. 

@Corey M.I think you need to revisit your goals-why are you investing and that may change how you measure and what your formulas are.

Many individuals of power want to voice their opinions and push measures to make things "better" yet they aren't involved enough in the business to understand what happens day to day and how these measures effect the big picture.