I haven't actually had the "is cap rate important" debate, so all points of view are interesting to me.Let me back up an state my goals, and perhaps you folks can comment on my KPMs.My investment strategies to date have focused almost exclusively on growth and appreciation.

Part of me says "OK I do not want to harass you", but part of me says "do you ask retail companies to stop sending you fliers in the mail" or "advertisements in your newspaper?"

While within the IRA that money needs to be deployed at arm's length and exclusively for the purpose of growing the IRA, it is also tax sheltered. 

The road provides exclusive access to about 20+ parcels.

Options include driving for dollars, absentee, probate, using listsource if you are not in a competitive market, buying lists that are exclusive for your market type (we partnered with a guy that does this) 3) Practice negotiating by calling ads on Craigslist (for sale by owner) for properties.

If you do not have an agent or if your agent is exclusive to his/her company then you should contact an independent agent. 

A Real estate agent we have been consulting with asked us to sign an Exclusive Buyer Representation Agreement before submitting an offer on a house we are interested in.  

Benjamin Shearer There are very few CPA firms that focus exclusively on real estate taxation.

@Kellie Alkayam my solution is to pro-rate the utilities by the square footage of the space utilized exclusively.

Preferred return with an equity split on the back that is exclusive of the preferred return. 2.