Many people might elect not to rebuild in a community that lacks easy access to shopping and services, or because the limited evacuation routes in a wooded area cause them too much concern about their safety.  

Do you use any tools to locate and measure new investment areas? 

I know that my "margin of safety" is a little tighter because I'm not seasoned with a large amount of capital available.

Since you're new to being a Realtor also saving the 6 months of expenses is a good safety net for yourself.

The appraiser visits the house to put a value on the property by measuring the square footage, counting beds/baths, etc. 

The cap rate is a measure of the risk in the property and/or market.

It's hard to measure goodwill in terms of ROI.  

I have many times had them require repairs that had nothing to do with habitability or safety. 

No one wants to work for free, and one of the metrics used internally to measure us is lock pull through percentage. 

(zoning, building safety, environmental, code compliance, flood control, etc) This process will require some patience because you will need to contact each department individually and the left hand does not always know what the right hand is doing, but it is worth the peace of mind to know the park is 100% in compliance prior to closing.