In other words, if you spend $600k, getting a $60k return would be your benchmark. 

(Some helpful benchmarks: Kitchens Stay under 17K-20K with materials/labor, bathrooms stay under 8K with materials/labor, Flooring stay around 2.50 per sq ft for labor., Paint try to stay under 4K-5K)Hope this helps, let me know if you need anything..Cheers!

This would help us benchmark and explore simpler alternatives while understanding how complex the structure mentioned above truly is.I assume they are not actively managing their business?

So don't bench mark list price.

Because significantly less than 100% of your investment actually goes into purchasing or improving the property, and the property is purchased at retail value (or worse), your returns will badly lag any benchmark of direct property investment.  2.

The rest of the day will be seen as Benchmarking exercises: beaches and good food!

@Christopher MorrisTo assess a market, consider population growth, job market, economic growth, rent-to-price ratio, cost of living, school districts, and growth benchmarks.

@Brent Coombs  I am not sure if they have met the benchmark of actually making loans yet. 

The 1% rule is still a useful benchmark for quickly evaluating deals, but in today's market, it's becoming harder to achieve, especially in competitive or appreciating areas.

Nowadays everyone has exited the arbitrage business model in my area simply because the supply vs demand is driving the revenue below profit benchmark for almost everyone.