Hello everyone,I’m curious as to why it seems so many realtors/listings/landlords love to use CAP rates on single family properties when everything I learned and read say CAP rate is used a measure for multi unit properties?

As far as thinking about what makes the most sense over time, I'd recommend checking out the BP blog posts on "internal rate of return" (IRR) if you haven't already - that measure is designed specifically to factor in time, and I've found the articles on it quite helpful.Good luck!

I wouldn't even waste your money on taking preventative measures.

Measure out the pros and get an idea for the costs before you commit.

As mentioned elsewhere in this thread, the “error on measure” of an appraisal is high.

Are there required measures taken to sell the properties (short sale, auction, etc) before the bank takes it back?

Having a partner introduces a completely different set of circumstances like trust and experience in past deals which aren't necessarily stats you can measure on paper.  

We have already measured and made the backsplash, which will go with either  dark or light cabinets.Also, the place is still full of junk [not like the ones I have seen pictured on BP] but there is also a quantity of ruby and depression glass in some of the cabinets.  

Where were you measuring that you saw the drop?

Although not connected to real estate per se, I do have a lot of experience in planning and measuring progress, solving problems, reading and executing contracts as well as interfacing with both customers and contractors.