And to my earlier comment about experience, quantifying higher returns to offset the risks is where I'm struggling. 

How would you quantify/determine 8-12 months of reserves?

Adam Starting with the numbers you need to quantify how much he is actually saving you. 

.), how can I quantify the amount of repairs the house is going to require (I have an idea of the ARV by looking at comps in the area, but I wouldn't know what to offer because I haven't seen the inside of the house and don't know the repairs required), and any other advice that you may have.

I’m guessing your question is about your “basis for depreciation”......a “basis point” is 100th of a percent, referring to interest rates, easier to measure/quantify small changes.

If you do rehabs long distance I think there’s a 50/50 chAnge you get ripped off.Also let’s quantify what’s a deal.  

It's harder to quantify than $$$, but you should take it into consideration.

I can’t even begin to quantify how much BP has contributed to my success and personal development.

As for appraisers, we will see one day just how many bad deals have gone through that shouldn't have because of AMCs but unfortunately the reasonable ones that never happened will be much harder to quantify.

How do you quantify the benefits of such diversification?