But I'd like to see Lynnette's projects to support your claim "the portfolio was a 30% increase in cost to the consumers" since in TN, NC, VA, NC PPAs are priced at avoided costs. 

I agree with John, we are seeing renovation costs of $150k- $200k for a basement unit and $250k + for a coach house. 

I figure the high turnover will be the biggest adjust we'll have to make.Small cabins have far less repairs and maintenance costs as a percentage of total rents.

They basically told us to kick rocks and then when we lost a bunch of money on opportunity cost they eventually came back trying to buy our last remaining flip back from us. 

In fact, I would want to go even lower because there's a very good chance some damage is hidden and costs will run higher than anticipated.If you aren't experienced, I recommend you just buy the good apple. 

Basically dollar cost averaging. 

Over time, we have developed systems to handle these situations as effectively as possible.

Building a 4,000-square-foot, three-story duplex with a 1,000-square-foot ADU could cost about $1.83 million, including construction and permits (excluding land).

Does Hard Money typically cost 30-40% of the purchase price?? 

I had a client who kept waiting for a better rate, only to see it jump 0.5% overnight costing him thousands.