A couple of references to cap rate on this thread sound backwards to me.For example, your question: those who are primarily appreciation driven at what point would they be invested in a low cap rate property with a higher cap rate historically..If I was appreciation driven, I likely would be a market timer (i.e. buying when it's low).

So my salary was actually referring to almost a management fee.

I just got done with a unit turn, where I opted to replace the carpet with laminate flooring, but the choice came then to which flooring to use, the cheap stuff at $0.75/sq/ft, or the waterproof and durable stuff at $2.50/sq. ft.

obviously the tenants want to get a dog and not pay a fee or extra rent...I doubt they are expecting you to reduce the rent. your choice should be based on the unit itself. got carpet, a fenced yard, close neighbors that might complain etc.

@Johann Jells She is referring to a private residence, not a commercial structure or public facility.

Personal choice, but I don’t do that.

It is your choice to "Bookkeep" your record in any way you like to be honest. 

Looking for feedback on best allocation of capital. Goal is to grow the number of doors , for long term cashflow.Currently have one cash flowing unit and a primary residence. (SFH) Looking to deploy approximately $25,...

When you say “getting into residential real estate,” are you referring to buy and hold homes?

Texas is bigger than France you know so giving you references from Austin won't do you any good if you need them in El Paso.