Some Turnkey Providers rehab correctly and look at all major components so you don't have any Capital Expenditures (CapEX) for a pre-determined amount of time. 

Instead of determining a player’s value relative to its team (wins above replacement) can there be a singular numerical value that contains pertinent market data (appreciation rates, population growth rates, etc) applied to a specific properties intrinsic metrics, compared relatively  to a predetermined market size…bundled up in a singular value metric?

If you end up going under the budget, some lenders would still reimburse you for the entire predetermined budget.The Initial Distribution (towards acquisition) would be the total loan amount ($148K) minus rehab budget ($30K) = $118,000.

You can do this for a predetermined amount of time and cost.

Reach a predetermined number. 

Were you able to stay within your predetermined budget? 

I believe someone had utilities included in the rent since its one meter then if utility bills went over a pre determined amount then the tenants were surcharged equally.

Stepped Increase EscalationWith a stepped increase, the amount of your lease will increase periodically a pre-determined amount.

He told me to never go above that pre-determined bid price because auctions can get emotional...

All else aside, given the amount of rent you could be charging it may be an idea to sit down and develop a long-term (2-4 year) budgetary plan for the unit/complex so that you can 1)gradually increase rents to a more uniform standard--as one member stated, "if they are all comparable units, there shouldn't be a drastic difference in the rent amounts" 2)eventually get all the units with equivalent or comparable upgrades (to keep things even with the neighborhood comps based on ammenities), and 3)ease your mind about the financial plan and trajectory of your complex (so you can just follow a predetermined plan and adjust when needed as time progresses).