My mother alway said you can’t teach stupid, but what the heck, I’ll give it one more tryI’ll use an example with dollars, to make it easier to follow.  

Target properties with below-market rents or operational inefficiencies for value-add potential.

Taking the earlier example, if you want to cashflow $120k a year, one way you could break it down is by setting a monthly target of acquiring one asset a month that cashflows $10,000.

Instead it looks like a sales pitch that is targeted to unsophisticated investors who are new to the space.If that's actually the situation here than these deals generally have multiple things I can't stomach and is an immediate red flag for me.2) AAA Storage growth: At one point I was interested in this sponsor because of the claimed full real estate cycle track record with little to no money lost.

I suspect now a demolish and landfill disposal would be easier.

You can target specific people looking to sell their home and tell them that you are an interested buyer.

The amount your target tenant would want =) In other words, it depends.Are you expecting remote workers to rent your MTR?

If you budget the negative cash flow over the course of the hold period and have reserves set aside to fill the gap, there is no problem (assuming your investment meets your target appreciation rates - I understand there is no guarantee there). 

If the answer is "close enough," they move forward without much hesitation.While it's true that higher-quality tenants are easier to attract with nicer homes in better areas, I’ve managed C-class properties and had fantastic tenants.

That would be cheaper and easier than redoing a roof.I would think so, but I believe the next door driveway would than create an encroachment for that property which the seller also owns.