If you want to take it to the max, then each element you highlighted becomes a factor and you then add all together to come up with the cap rate.

The best way to combine these elements into a single analytical framework is to project out the financials and compute an IRR ... this will give you a more complete picture of potential investments.

Understand the basic elements to be criminally prosecuted for "Fraudulent Inducement" (and see if it sounds a lot like "wholesaling" to you a. 

Older properties carry a higher likelihood of systemic problems: lead paint, poly piping, aluminum wiring, asbestos, environmental issues, etc. 

While there are certainly many people who have done successful deals without having deep experience within specific markets, there's likely an element of luck involved.One of my work colleagues used to manage a team of commercial multi-family loan officers for a major bank, and he has another angle on what valuable experience looks like.

Apparently this is a key element that @Chris Mason explained to me ahead of time".Whereas, the OP on this thread seems to be suggesting that the same sort of dollars (say $200k) would only represent 25% (or less?)

The element of accident, occurrence, or however you want to characterize a loss that triggers coverage to respond, is missing. 

You should check out Crime Prevention Through Environmental Design (CPTED) it was brought to my attention by a fellow BP member who is a veteran investor.

Something a little bigger for the family, but has an element where we're able to put in some sweat equity.

The flexibility, wealth-building opportunities, and entrepreneurial element have always been appealing to me.