Honestly I never know precisely, as I'm constantly buying and selling, and frankly I neither know or care.

., if I’m dealing with someone in, say, Chicago or Austin, I know precisely which local operators are closing quickly and which boutique lenders are staying nimble.

Use it as leverage.Do you know precisely how much time in NJ? 

As the owner of 87.5% of the units in that building, you should have a big say in how things are run in that building.Without knowing my numbers, my intuition is that it would probably make sense to acquire the last unit if posisble.However to know for sure, I would  run a comparison analysis between keeping the units separately or pricing the building as a one multifamily.I would use the statements from the HOA to know precisely what my expenses would be.

Do I need to know precisely to the penny, no.

Of course, you don't know precisely how these variables will progress over time, but if you can probably make reasonable assumptions based best-case, worst-case and perhaps a few in between scenarios.

When I began, I would not know precisely what qualities I wanted in team members.

(Now the metrics you are looking for)3) For the good ones, you will need to know precisely the next steps/conversations that need to take place to get the deal done. 

You know precisely nothing about me, Travis.

I can't say for sure because I don't know precisely what your intentions are.First, don't think for a minute that you'll get owner-occupied federally insured funds unless your friend lives there, period.