Also, can you, please, ask your PE friends to loan me $20M? 

Obviously an oversimplified example, but in general, I assume rehabbers will expect a higher rate of return on their money than PE investors.

Growing consumer spending over the past 30 years led to rapidly expanding service and financial sectors both of which will now contract for years to come as overcapacity forces players to downsize.Chart 1: US GDP Growth VolatilityThis will again lead to higher corporate earnings volatility which will almost certainly drive P/E ratios lower, making conditions even trickier for equity investors.

Those who can't teach, teach PE""The world needs ditch diggers too"And my all time favorite: "I rarely wear underwear, but when I do, it is usually something unusal" 

I always feel that these Hedge Funds and PE Groups are 2 steps ahead of any market or they are busy making the market. 

Honestly, unless you have a sizable team of seasoned pros or run a PE slave-shop where you can grind Ivy-league analysts for 100+ hours, you will be fighting a losing battle. 

Sure I know what a P/E ratio is and have a base level understanding of a company after looking at their P&L and balance sheet. 

I'm an Electrical PE, utilizing two prong outlets as mentioned above sounds very dubious to me, and i am confident that these fixes are not in compliance with the National Electrical Code (NEC) which is utilized in pretty much every US jurisdiction. 

I am in pe-foreclosure!

I presume that i just don't have enough experience evaluating how much floors, bathroom, hvac, etc, etc would cost in order to quickly buffer up the cost before doing this kind of analysis......or is this kinda top down analysis difficult for SFH given the nuances and specificity of each (i can see how this is easier for MFH, etc like how RE PE does it across large #'s of units...and when I am 'conservative' in individually modelling out improvements, repairs, buffer, etc, my margin of error in that often is the entire expected 'margin'...does this just mean that the margins themselves are too tight?