For example, if the property was purchased for $300,000, the GIM would be calculated as follows: GIM = $300,000 / $30,000 = 10.Cash on cash return: The cash on cash return is a measure of the annual return on investment for a rental property.

I see the permit as a reasonable measure for a city to take.

Come by with a laser measure and see, there are some that are tighter and others that are bigger (or use google earth, but I think it’s worth visiting to see how they feel at different widths).  

That, and the upcoming CA ballot measure of possibility of loosing prop 13 property tax freeze status on CA commercial properties, are definitely putting a dent in desirability of owning CA NNN commercial :( 

Dude I have NO idea what and how you measure success and efficiency, but let me tell you something... this is NOT a matter of opinion.

The cap rate allows you to measure and compare the property's performance (and potential performance) as an investment compared to other properties, and compared to dissimilar investment opportunities (such as stocks, bonds, precious metals, etc).The cap rate is also the primary determinant of a rental property's value.

It states that the unit should have individual meters or submeter that measures usage only in tenants dwelling.

The resulting number is a measurement of the true value of owning the property.

Similar measures can be taken by HVAC technicians on most furnaces themselves, but the thermostat seemed a simpler path in this situation.

Where It differs for vacation rentals or Airbnb airings is that its being calculated by dividing your listings total revenue by the total number of available nights in the period being measured.