My only reservation about it would be the weight of all that granite.

Different projects carry different risk levels and thus one should weight both the debt constant that a lender would require and their ROE differently.

I'd love to feed the data for all cities/neighborhoods into a spreadsheet and create a weighted score for each locale.

It will be worth it's weight in gold and will allow you to sleep well at night.

Try Thrifty Nickel and Ugly Yellow Signs.... worth their weight it gold.To raise the rent, I would wait until lease was coming up and would send in the appropriate request form to the Housing Authority requesting the increase.

Conversely if the numbers are trending down I will put more weight on that.The 50% rule doesn't work if the seller is lying or misrepresenting the numbers.I tell my sellers all the time lets be honest and put real numbers out there.This way when we go under contract it will close.If not they will just find out in due diligence and cancel if your numbers aren't right.For most apartment buildings the down and dirty is 30% operating and expenses,10% vacancy loss turnover,and 10% property management.Costs can be lower or higher.One I just closed the seller ran at 29% but she self managed and ran an extremely tight ship.When calculating I like to use the 50% rule upon exit strategy as that's what many go by.If you run at 40% the new buyers will feel they might can not run it as good as you especially if they are out of state buyers.Hope it helps.This is my experience listing and selling retail and apartment buildings.

They are economic, comparables, and replacement value.With an underlying asset such as apartments you would give the most weight to the economic approach (cap rate derived value).

Was this thread just to brag about throwing your weight around as a land lord?

I have an 11 year old boxer that is falling alot because of his hind legs and he is losing a lot of weight.

You may be able to pour light weight concrete with reinforcement glass, like fiberglass over the whole floor, but this will raise the floor too, needs to be done professionally and will cost more but will give a solid surface.....but you still have the joist problem and either concrete or floor leveler will crack.