A properly calculated cap rate can estimate a property's rate of return, but it should complement a comprehensive and detailed analysis of the property; it’s not designed to stand alone.📊 The Role Of Cap Rate In Investment Properties:- Cap rate is more than just a number; it's a guiding metric shaping your investment strategies.- A higher cap rate often indicates a potentially higher return but comes with increased risk.- A lower cap rate might suggest a safer investment but with lower returns.🧮 What Is The Cap Rate Formula?

I see a lot of properties failing due to poor design and lack of amenities. 

That's why as a realtor, I also became an interior designer because now-a-days a place has to look good to rent.

For logistics, you can always have designated parking for each unit, and let them know that in their check in instructions. 

I work with a luxury interior design & architecture firm in Sarasota.

They’re asking that I designate a project manager who would be able to visit the site regularly, but is not the GC.

She is an experienced flipper, a real estate professional and a great designer, but wants nothing to do with tax strategies and securing funding.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

My advice for you (and my future self) so far is:- be very detailed about underwriting your deal- add at least 30% to what you think your rehab will cost (even if this figure came from a GC)- have a really detailed design concept before work starts (including fixtures/trim/color scheme/etc)- check with your city/township's building department and see what permits you need up front- have more than one exit strategy- add a few weeks/months to your projected timeline- purchase cash if at all possible- build relationships, take notes, and learn lessons along the way- have funGood luck! 

FirstSource and have them price you materials for one of their pre-built designs.