I am of the camp that thinks less than $1K per month makes it hard to cover the Capex over the 10 year time span I plan to hold properties, at least that is what I am shooting for.I am looking for 3/2/2's in a distressed condition to try to capture some equity when I rehab and then resell into the retail market with another fix up after the 10 year period.

It seems this thread spans both sides of the scale.

Sure, there are plenty of really rich people that develop some awesome idea that make more in a lifetime, but they probably were more likely to have made a bulk of it on one or a few ideas in a span of far fewer years.  

Do all of this work in the shortest time span.

Time Frame: I’d like to buy at least one new property every year on average over a 15 year time span starting slow: 2 in the first 5 years, 5 in the first 10 years, then 15 in 15 years.

I've found that a majority of the effective investor update letters include some or all of the following: Detail on key accomplishments or events that have occurred during the quarterInformation and status updates on major in-flight activities that span multiple quarters Detail on issues and risks that have emerged since the last updateFinancial update: actual results relative to plan with commentary on major variances from planRelevant information affecting your market, asset type, macro-level detailAdministrative detail affecting LP's/Members (i.e., tax matters, upcoming distributions, capital calls, etc.)Here are a few things to keep in mind when deciding how to move forward with architecting the format of your periodic updates to investors: Tailor the level of detail to your investors.

If you are looking at a conversion project, the general rulo of thumb is that 20% of a clear span building space will be lost to hallways and common areas.Some properties will be sold with approvals in place.  

But If you are dealing with over spanned floor joists that are causing a lot of flex or bounce, then that will need to be addressed before you take any steps to repair the floor. 

The one you provided is 20 years, and even in that span it's gone up. 

A few of the items are listed below which occurred over a three year time span.