Maybe I will rethink my methodology.

While there is literally endless configurations one could use, their is prevailing methodologies as to how to best configure any 1 grouping, and to why do it that way, but as to the exact compilation of the "flowers" into any 1 "vase", the targeted use, conveyance and results will dictate. 

Over my past 25 retail sales, I've averaged nearly $25K in profit, so being conservative is working.I've hit $40K+ profit on two projects ($145K and $165K resales), I've hit $30-40K profit on 6 projects (resales from $95-175K), and have only come in less than $15K on two projects (my very first flip was one of them).So, I really like the methodology of shooting for "singles" but being conservative enough that they often turn into doubles and triples (and maybe an occasional home-run, depending on how you define it).

I have been reading a lot of books on Real Estate investing and methodologies, listening to the podcast's on BP and going to meet up groups to learn more. 

I am trying to better understand the methodology and analytics used by the appraisers to avoid unfavorable outcomes.

With this methodology I should be able to keep most of this capital in play and if I get good enough deals I should be able to return the money and also have 30 units by the time 3 years passes.

@Lee Huffman, i know this post is ancient, but I was wondering if you have found a decent GC here in Fayetteville.

@Roy N.Sometimes insulating ancient brick buildings is very impractical.

I have used three different analysis methodologies for determining the right price to pay for this property.

The biggest lesson learned to date has been the standardization of the construction materials, quality and methodology.