All the colors just seem to run or blend together except for the counter.

I think you have to bounce it against your goals do you want to ... a) be a semi-custom home developer, catering to the tastes, whims, etc. of your clients; or, b) rehab houses on time/budget.I know some other folks nearby do a blend of this where there are limited options for upgrades, changes.

@Scott Loud I do HML as well as PML and many people face the same challenge:“I get a good ROI while my funds are on the street but it gets blended down when I get paid back.”For instance if you lent our at 12% for 6 months, got paid back in 6 months, and then your cash was sitting in an account earning 5%, your total effective rate earned is 8.5%Not everybody is a fan but this is what I do:I lend out longer term.My interest rate is going to depend upon the environment but I’ll have a 3% pre payment penalty if the loan is paid back less than 3 years.The operator has to have a good track record of doing value add deals and a good business plan for the opportunity.Let me know if I can be of any further help!

I have not lived in the property but it has been occupied for the last 5 yrs by the same tenant.I am waiting on a detailed quote on the water issues so I can better understand that.Unfortunately there are no warranties and I don't believe I have recourse with the builder.The dishwasher could be sold as is, but I had figured it would be worth the $200 to get a fully functional unit.As for the drywall repairs, it looked as though there was a dry wall repair that was done poorly and needed to be redone in order to blend back in with the rest of the wall.The toilet seems to have come loose and is apparently evidencing some type of erosion on the floor where the base goes into the cement under the flooring.Realistically my target buyer is an investor who will continue to rent it out.

This way everything blends together.

When the bathroom is redone have the professional handling that properly blend it in while they are there.

Another benefit of owner finance on a second is you can blend the rate down.

So even if you did find an "average cap-rate" it's going to blend both of those units, you'll want the ocean view unit, and you'll think it's overpriced. 

If you can understand which method they take or ask them to blend multiple approaches that may be beneficial.

It is far beyond what RE investors would need and you really need an accounting background to utilize the program.However, it is rather odd that I used the concepts of throughput accounting from blending costing with economic aspects, consumption and the rate or velocity of goal units/projects.