For large apartment projects, it is not practical to demand the return of all letters before closing.

Class A properties will generally have high valuations and lower market Cap Rates.Class B Property:A step down from Class A, Class B properties are in the 10 to 20 year-old range, and are mostly well maintained.

Hey, Noobie here but am looking at MTR as an initial step into real estate investing.

Quote from @James Hampton: That's a bad practice to follow.If an occupant is not named on the lease, you may have difficulty enforcing rules or evicting them.

.--- Another lawsuit resulted from owner's contractor taking down basement handrail to get supplies down the steps, then they didn't put it back and tenant fell down the stairs.- We also negotiate a reasonable completion date, depending on the Scope Of Work (SOW). --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?

This is an additional step that would not be present for developing a lot where you are adding value.  

.- Maximize taxpayers’ profits on Treasury’s investment in the GSEs.Ackman’s key steps to ending conservatorship are:- Set appropriate capital requirements.- Limit government-granted benefits.- Develop market-based compensation and governance policies.- Clarify the nature of ongoing government backstop (implicit and/or explicit).When could this happen?

The first step is always to inform them to get a police report. 

It's best practice to interview several candidates.

First step is to hire a designer.