I'm more interested in hearing others approach in their criteria and their methods as Im not trying to re-invent the wheel but to emulate another successful broker/investors model.

Good forms available for inspections and production no reason to reinvent the wheel.

I wouldn’t pay a lawyer to reinvent this wheel but I also wouldn't use anything provided by my borrower.Our note doesn’t require fire or liability insurance, a requirement to pay taxes, escrow, an acceleration clause, or even an obligation to preserve and maintain the property – our Deed of Trust does.I assume your property is in California.

Real estate investing is great because we're not necessarily re-inventing the wheel - not that there isn't a massive amount of creativity put into getting deals done - but the general mechanics are relatively straightforward and have been done thousands of times for centuries.

An amazing amount of knowledge so that one does not ever have to "reinvent the wheel" when it comes to landlording decisions.

@Andrew WongYou have answered your own question, first you ask how to monetize if you add AC then later you state that there is a rent discrepancy between units that have AC vs those that don't that is the way to monetize. sometimes it pays to just look at the competition and do what they are doing and not reinvent the wheel.

Don't try to reinvent the wheel, this has been done thousands of times, legally, safely, compliant with tax and other regulatory aspects.

There are a lot of wholesalers and flippers already in the Portland metro, and it would be counter-productive to reinvent the wheel while pushing it up a hill at the same time.  

Adams is a friend and was a guest on BP Podcast #135:https://www.biggerpockets.com/renewsblog/2015/08/1...The reason being is, working for over 30 years in Real Estate I've realized you don't have to reinvent the wheel.

Those FSBO sellers are often delusional about value and will (assuming they sell at all) typically eventually sell for less than if they'd just put it on the damn MLS day 1 instead of trying to re-invent the wheel, but it might take them (and you as the buyer...) a year to get to that point (opportunity cost).