Having a bookkeeper that not only understands "debits and credits", but also understands the various operational, financing, and investing activities specific to each "type" of real estate activity is worth their weight in gold.

Depending on a weighted factor Sparefoot will show you as a recommended location for an area, you might even be 15 miles away, but if their algorithm says you're the best then you will show up at the top or closer. 

From what I’ve seen, the deciding factor is usually a mix of all three, but in different weightings depending on the seller’s situation. 

Quote from @Devin Peterson: You are looking for a specialized mortgage broker who can do all of that shopping lifting dead weight and condition fighting for you!

Or in this case 10 @ 10%, you do 2-4 at large weights and understand how the risk sits.

If multi tenant building some leases might can be 3 to 7 years term for weight average.   

. :-) Your personal opinion carries no weight in court.

In the Midwest, I’ve seen that serious offers usually need to be written so sellers and their agents actually take them seriously, since verbal “offers” don’t carry much weight.

If you don’t have MLS access, a good relationship with a local realtor who’s investor-minded is worth its weight in gold—they’ll know not just what sold, but why it sold at that price.As for adjusting for renovations, I try not to overcomplicate it.

If you’re out of state, a solid local PM is worth their weight in gold.