Other sources to look for data are rentometer.com, craigslist etc for similar properties in the area.The second part of the question related to the risk of a tenant moving out.

This technique is generally applied in a market that lacks enough comparable sales with financial data in order to extract a cap rate from or just to support the market extracted cap rates.

That's right, in addition to what you listed, as the asset manager you will be implementing the business plan to ensure that the property perform as it was underwritten; this will require you to conduct a weekly call or visit with the property manager; (this one is very important as you do not want to go more than a week without talking to your property manager any longer it could be a really bad day and you might not be able to provide your investor with the returns that they expected.

Use Airdna data to inform the model. 

What Christine was able to do was to work with the investor on the buy side to not only identify properties for purchase, but review properties that were presented by wholesalers in order to ensure that the investor’s minimum return was likely.

I'm hoping to hear from experienced investors about your daily work flow and what tools you use to stay organized when looking at tons of data and properties all day long. 

I’m starting to second guess myself simply from the information I am finding on Zillow...Rental data isn't reliable in every market, especially online rental data.

They all have data exchange ageeements with the various mls’.

@Joe Lui the letter should be fine and typically certified mail is better in these scenarios to ensure it is delivered or at least a tracking #.  

Rental properties have enough variables within them and the injection of a variable payment in conjunction with a contractual rent amount seems challenging (UNLESS you can annually ensure that rent increases will be performed by yourself OR your PM company).2.