All the naysayers in this thread critical of this technique will not help pay for any damage you could have otherwise prevented by seeing how the prospective tenant lives. 

Putting the proper weight on each indicator is critical and comes down to skill and experience. 

If you have a knack for numbers then you can analyze deals as a real estate agent - go get your CCIM and that's probably just as valuable (it's definitely more applicable).With that said, I do share agreement with some of my critics (*wink*).  

@Ryan Rodriguez I don't think hands on experience is critical, but it helps to have it when people try to blow smoke up your arse (which, not surprisingly happens a lot in construction world).  

This is why it is so critical to be able to save your old Estimates as Templates that can be used for future projects!

No critical path visualization and no way to track all of the hard costs associated with a build.”

Although backtesting is critical, it is important to have a forward-looking outlook to determine if the strategy can be consistently applied across multiple deals. 

The MF complexes I've been involved in this year also return 15%+, and several are even in CA so they offer appreciation as well.REI has many facets and it's great that you've brought tremendous value to your clients. 

For something like this, understanding their why is probably more critical than any other part of the deal.

It is critical to make sure your plan is thought out thoroughly.