We (my company and members) evaluate quarterly(*) and when/if alternatives are available and/or on the agenda, we look at (as best we can... not an exact science) opportunity cost of each path and then decide where we want to be. (*) Less than quarterly lately due to limited market 'buy' opportunities worth persuing

So you have to "play with the numbers" to evaluate multiple outcomes.

Some people that you work with require more “maintenance” (i.e. babysitting)... you must evaluate whether it is worth your time and associated return to work with those team members that take up a disproportionate amount of your time.

I am going to view a HUD foreclosure property this afternoon with a client on mine here in Connecticut and for us these are the easiest homes to access.Of course the contractor bids are going to be high because they can't tell much from those pictures so they overbid to protect downside for themselves just like you are doing by bidding without seeing the property.Find a way to get in these properties and your budget will be a lot more accurate and you will be able to see if the budget can be shaved at all.The online tools we all have access to are great and can save people a lot of time when evaluating properties, but there is no substitute for walking a property.

I think I'm asking if the logic I've used to evaluate this property is accurate to an analysis that would ultimately be profitable. 

What would you say then is the "yardstick" one would use to evaluate a deal like that?

Commercial properties are evaluated by cap rate.

I received a call from my direct mail marketing. I missed call guy left me a voice mail telling my he wants to sell and get around 125k. I called him back he said  he dont wanna pay realtors fees and wants to sell. Ho...

I can help answer your questions about comps and property evaluation.

And yes , you should already know how to evaluate these without a realtor.