This is largely so that they can ensure life safety measures are being satisfied in these larger buildings. 

These ordinances HAVE to allow you to measure from date of release in order to make any sense. 

Lenders would measure this spread as DSCR.   

I have delt with them in other states and am wondering how stringent they are and how long the approval proccess would be for adding exterior columns, paint, maybe a deck.

@Andres Vanegas as mentioned above measuring "cash on cash" return probably isn't a good measurement for BRRRR....well, at least not in the traditional sense. 

I included a floor plan with to the inch measurements so that prospects know exactly how small it is.

I went to measure the lot this morning and the measurements aren’t coming up.

In less than a month, we got them sold to local buyers who also know the area and they were able to move really quickly.People here on BP complain there are no good deals left.And yes, they are fewer now vs. 2009 but if you know where to look and CAN ACT QUICKLY, you can still get great deals.One simple measure we used is Price per Unit.

Bring a measuring tape and get to work!

And, as you may know, there are trade-offs to both when measuring performance.