And silestone quartz counters, which are a little more expensive than granite but virtually indestructible and require no annual sealing and buffing.

The mail order company that needed lots of work signed for 10 years, with an annual rent increase beginning in year 3 and continuing through year 10, with an option for 5 more years.  

Jon, if you know the amount of gross annual income they are generating from the property, then you need to find the expenses on the property.

Before doing something complete use this rule of thumb (5 x the annual rent) for a property to be viable.  

It's on par with any industry's typical annual conference fee.  

@Henrick SorensonMost of my insurance carriers are coming back with a $5k annual policy minimum premium. 

If you are getting investors, you'd want to have the agreements and all put together up front so if someone says, "Oh, why don't you send me your information", you can 5 minutes later send him your PDF/Powerpoint of your background/track record, your proposed deal structure (either a basic document on up to a Private Placement Memorandum), and a very detailed pro-forma of your proposed deal, showing the annual projected cash flows out 7-10 years, then showing an estimated sale in the final year.  

Forecast annual income for each year during your expected hold period and have a growth factor in your cap rate. 

I take my annual costs and divide by # units.  

I've also read that new housing construction will be climbing back up to annual (1.5m per year) levels in the next few years, and this should, in part, provide some sales price relief.