Go work for that company and then express your desires to the head of the company.

I just needed to remind the BP community that there are those who are impatient that way, but don't express it quite the way I did.

It was as simple as a thanks and the excitement in their expressions that made my day.  

Unless I'm investing in a bakery I would be very unimpressed in someone expressing profitability as "icing on the cake". 

Actually, I think you're just expressing your frustration in your ability to get going and put something together or at least disappointed with your progress.My experience has always been that when I'm stuck on a step it's because I haven't completed the prior step (sufficiently). 

The ideal area would be close to express stops along the MTA subways, LIRR, Jersey Transit, Metro North (i.e. decent commute times into the city).Can anyone suggest geographic areas with potential and reasonable value that would be good a good fit?

(However, as noted above, there is definitely a distinction between the Capitalization Rate of a property and the prevailing Capitalization Rate for a geographical region.)Correct me if I'm wrong, but I feel like that may be what @Bob Bowling was trying to express?

IF all you want to account for is what you are expressing, then use the breakdown above, insert your specific numbers where applicable and do the math as outlined.

I also offer 3 options to my private sellers, catered to the pain point they have expressed.  

@Russell Brazil Apparently, not exactly true, even though there is prerequisite step that the open house attendee express "no further interest" in that house.