Have a reason for choosing a market and that reason should be based on clearly defined and quantified investment goals.

.#5 Practice, Practice, PracticeWalkthrough potential rehab properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.

@Hament Raju MahajanEnvironmental problems are so diverse and specific to the individual property that quantifying risk without information is impossible.

.#4 Practice, Practice, PracticeWalkthrough potential rehab properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.#5 Get Your First Rehab ProjectYou can practice all you want, but ultimately you will learn the most about estimating rehab costs by actually rehabbing a house. 

Each of those variables can dramatically impact what I recommend, so it's good to have quantified each of those prior to meeting with an attorney.

This would have repercussions which you cannot even quantify.

Without talking to you on the phone it would be hard to go over potential investment options.There are different levels of being passive and active with properties and deal sizes with varying asset classes.The 10% return you have to quantify if total return or cash on cash return.

Cap rate is only a numerical thermostat to quantify what buyers in the market for a specific type of property are willing to pay. 

Was it based on a global income standpoint and thus quantified you and the LLC as one in the same?

Probably the toughest thing to quantify and measure, but the most important.