@Nigel Liao Hey, I'm a fresh investor in Lethbridge, Alberta.

We had the interior/exterior freshly painted, new floors, new showers, removed a wall to open it up, new cabinets, and new appliances.

- Updated the master bathroom with fresh paint, lighting, a new double sink marble-top vanity, mirrors and shower fixtures.- Updated guest bathroom with fresh paint, lighting, mirrors, marble-top vanity, and a new tub & tub surround. - Updated entire home with LED lighting, new can lights in the living room and kitchen. - New Electric Breaker Panel What was the outcome?

I am pointed toward the fresh bullet hole in the living room wall and asked if I thought it was a bullet hole.

Would you recommend any educational stuff which might give me a fresh perspective on how I should be looking at the properties ?

My friend/advisor with more experience says I am being a cheap knucklehead and that the $20k is not relative when you factor the forced appreciation and income/valuation of the improved asset(proforma), but, I think it is math and $20k is always relative and I have my criteria(4.5cap) and was very transparent about it from when I first submitted the original accepted offer, and my DD uncovered several hidden deficiencies that make the credit necessary to maintain my original underwriting numbers and even though I understand my friends rationale, I don't want to give in any more slack(adjusted to 4.4cap), than I already have...What do you experienced multi family acquisition people think?

DSCR loans might be a breath of fresh air to you, as they have been to me. 

Kitchen, baths, curb appeal, fresh paint are the best investments in a home for value add.You also get the gravy of enjoying the new renovation for the time you remain, so there is a bonus to you as well. $9k sounds about right so financially, it likely makes sense.

Home was all freshly painted and much of the trim replaced.

Or go with my gut and simply cover it with fresh vinyl wood planking.