The physical operating costs of a brokerage are pretty minimal when measured against gross revenue.

Cap rate being defined as some measure of income/return, has been a standard definition on BP.

:) But I still keep the umbrella policy as well for good measure.

Trying to measure risk relative to the time / money to be invested. 

I am an underwriter and nobody has ever mentioned measuring a persons credit worthiness as art, or science, it's just 1 part of assessing their risk.

It is my understanding that you CAN exchange from sole ownership to a fractional interest, but there are rather stringent regulations (https://jordanramis.com/resources/articles/§1031-e...)4.

However many investors insist on using cap rate as a performance metric (i.e. measure of income/return).

They are still allowing an inspection and appraisal, so you have opportunities to walk away and retrieve your deposit if the property doesn't measure up.

I don't see you doing any measurable value add on this property.

I would like to avoid this measure for my own sake as well as yours.I would also highly recommend that you review the terms and conditions set forth in the Lease agreement so that you understand it and please let me know if you have any questions.The lawyer suggested that a judge would find 30 days reasonable, given the amount of the estimate ($3600 total for the least expensive door, which is not even comparable aesthetically to the current door).