If market value is already $100,000, why would putting in $15,000 in repairs only garner a $5,000 spike in value?  

Microeconomics is the study of how individuals and firms make decisions and allocate resources-- understand the distinction.You assumed I didn't look into local hotel occupancy rate which suggested 70-75% in most recent year but historically, the rate hovered somewhere in the low to mid 60s also... so the recent spike is suspect; as a buyer  in this case, you use the lower conservative national average over a report by the economic development department of a city that may be inflating the numbers to attract investment dollars to a region.

That 60K is real appreciation which is why you want to get your heels into strong performing So.

I can't amagine them digging in heels over 5-10 grand.  

I have fallen head over heels in love with the REI world, and to paraphrase Mr.

In any event I like to get familiar with it and learn more  ...then eventually my plans are to buy 2 more in the next year and so on..Unless the market spikes I like to keep and rent other than flip...Any thoughts for a new investor?

It has taken 100 years, but "MN Nice" is a real phenomenon - renters are (by and large) honest people in the Midwest, they hold onto jobs longer (more stable as renters) and unlike the Big 4 Boom/Buster states (CA AZ NV FL), valuations don't flux nearly as much (but I am hearing Mpls is starting to spike in the $200K to $350K range).  

Hello all, recently I've been getting a huge amount of commercial loan requests, normally I'm inundated with fix and flip applications but there's been a sudden shift for commercial. Both coasts seem to be heavy, why...

They just dragged their heels and tried to stay for free as long as possible.  

Likely, as we've seen them spike half a point in the last week.