Some of the key indicators are of course location, restriction on type of billboard that can be built (LED, # of billboard faces, height, size of billboard face, etc.), zoning/permitting requirements/process and the size of the company.

Quality housing is needed in every size town.

I'm not looking for a lottery ticket that will pay millions, just to keep steadily buying dollar bills for fifty cents and waiting.

Even on the back of napkin underwriting think about this...4 decent size rent readies - 5k/each = 20k +Appliances, paint, & carpet on 60 units = $1,500-3k/each = 90-180kI would say you are at a minimum 200k without any other items.  

Stain color and gloss are all dependent on the type and size of the room.

I also see the data telling me which size or bedroom count or amenities buyers seem to be paying extra for, etc.

What are the comps for this size house in this town?  

When calculating what size of AC a house needs, an AC professional uses a Manual J calculation which sets an interior design temperature of 75F. 

Here is the link: http://money.cnn.com/2015/05/21/real_estate/waggon...Acquisition cost: 725,000,000Lot size : 510,527 acresWhat would be your plan for this deal if it was your? 

The same size units are renting anywhere from 5-7000 dollars a month (I know; San Francisco rent is crazy!)