But I would recommend using any "rule" more like a measuring stick rather than a rule. 

We came by the next morning to let some contractors do some measurements for flooring and everything was still fine when we left.

I have been researching the RMLO and SAFE act to understand the costs and legalities to measure ROI.

But as I opened with, for a stabilized asset (core or core plus), cap rates are a good measure of risk.

Cash flow is pennies on the dollar compared to the cost of the asset, it is more of a defensive measure to ensure you have liquid assets to maintain the property. 

Painting over wallpaper is a half measure approach and just leaves a problem for someone else.

The only way I would consider more drastic measures is if she refuses to apply for assistance, but odds are good she will welcome the help.

@Goanar Mar I like measuring return on equity.

Most contractors will take the appropriate measures to protect the materials on site and the only project that may be effected by snow would be replacing a roof.

Guidelines need to change to make sure the Flippers are not being replaced completely by the next big rage "New Construction".I believe in the next few weeks or months companies that only did Fix and Flip / Bridge Loans with a couple of rental loan thrown in for good measure will SHIFT to funding Ground Up New Construction.