When you get into the nuances of cap rates, everybody has their own method of calculation, which means cap rates only matter insofar as you use precisely the same methodology to compare buildings. 3.

Not knowing the precise market where you will be operating, it is not possible to forecast the viable range of market rent.If you would like to send more details on your deal and your analysis in a PM, I'll see if I can contribute any value.

If it is ROI, determine what your hurdle rate and that might give you an indication about locations and then you can dig deeper and ask more precise questions for people who invest or have invested in there to reply.

I know I did not answer your direct questions precisely but hopefully two pesos worth:) The fact that you found bp beforehand is the awesome part. 

There is no way I would have correctly estimated the time I have spent on this a question how contractors get anything done or more precise their permits to be opened. 

IMO, we have to have cash flow monsters or properties that appreciate well to make a decent return in real estate (and/or force appreciation).  1%'ers with lean cash flow and limited market or forced appreciation require precise execution and, even then, it may not make money. 

To me, investors have a greater burden precisely because they're often NOT there every day, especially if they do other things full-time; when we don't keep a close eye on things, these things happen.

Thanks for your short and precise valuable contribution.

Your re-targeting efforts will more precisely target prospective buyers.

I tell them I don't want anyone living in my properties that doesn't want to be there, and that is precisely what would happen if they signed a year lease and their situation changed.