If the alarms starts beeping randomly, press 0(zero)4 + enter.23a was added after my property manager was out a half dozen times in a week to enter the code because the tenants never wrote it down or typed it in correctly.I don't really think of alarms as a selling point, but my tenants are not protecting valuables with any sort of monetary worth.

Those are easy though as I tell them "John, my furnace guy, will be calling you shortly to work out a time with you that he can come and look at it".Everything else seems pretty random, barely happening and generally not worth paying a PM every month even while working full time.

Grabbing a random company off the internet may not lead to the long-term relationship most investors want from an insurance broker.Mike

So, lets pick one, the cap rate.Cap is short for capitalization rate, to arrive at a valid cap rate you need to compare the rate to alternative investments to make a decision;Picking a random ROI, say I just pulled 22% out of thin air, my investment requirement is to hit 22% or I pass on the deal.

Here is what I finally had to send one contractor from another state who sent me a link and unreadable comps to a random home from Zillow which he hasn't inspected as far as I know.

Well Nick did you randomly approach these owners and hard sell them or how did you contact them?

I also said i think it is not a good idea to stick in a random number and have it fit the expense profile of a house built in the 30s thats worth $300k and a house built last year thats worth $100k.2) Buy "Seeing" I mean my company is buying 8 properties a month right now from $3,000 to $1M+ to flip or wholesale and we have a pulse on the market we can trust. 

I am just starting a book called "Fooled by Randomness" which apparently talks about Dr Stanley's books.

Yea I know this is a random question but I'm just looking to understand the difference. 

@Mike Flora   if this is some random property no where near were you live.. your chances of success are low