I actually hadn't thought of that Mike; most of our tenants now are blue and white collar, and we have thermostats that we can actually set the high point (vs. buying a hard coded 72 or 73 degree, etc. that way if we get an older person, or we have a colder than usual apartment we can tweak it up to 73 or 74 thereby "mitigating" the chances of them doing some "low life" stuff like putting ice on it or attempting to bypass.

There are some great tools here that will help you analyze properties . . . practice on a dozen homes and see what you can pick up using them . . . they become second nature in short order and you can tweak them for your situation and area.

There are plenty of OA templates online to choose from and you can tweak based on what verbiage you specifically need, and any advice from an attorney if you choose to talk to one. 

CoC, IRR and is the overall return worth my effort.I consider cap rate to determine approximate value and tweak my strike price based on this.

You could even tweak the quantities for something like a duplex (4 exterior walls and 1 roof but 2x appliances, HVACs, etc).

going to make sense based on what I want to invest in because market is going to put it in the 1400/mo rental range"I might need to tweak my numbers a bit for North Lake though, I'm more familiar with South Lake.

I had to get a little creative, but I believe, after a few tweaks, I can replicate the process moving forward. 

May have to tweak it a little bit.

I can think of several ways to tweak this system, but in general, I think it a sound proposal.

What works today may need to be tweaked in a few years.