You don't have to be as precise on your numbers, your purchase point etc, because time will erase most minor mistakes.We lost some money on our first flip. 

This makes investing incredibly hard and it requires precision in execution. 

Deste modo, as alterações dão uma proteção extra aos inquilinos com mais de 65 anos ou deficiência igual ou superior a 60% que tenham celebrado contratos antes de 1990.Esta proteção aplica-se nos casos em que houve falta de informação ou de resposta às cartas de atualização das rendas, quando entrou em vigor o Novo Regulamento do Arrendamento Urbano (NRAU), e que viram o seu contrato a passar para cinco anos, correndo agora o risco de serem despejados.Se os inquilinos viverem há mais de 15 anos na casa – o que poderá ser comprovado por atestado da junta de freguesia – o contrato só pode chegar ao fim se a casa for demolida ou sofrer uma obra profunda que obrigue à saída de quem lá vive.Há ainda outra medida que visa proteger os idosos e deficientes, nomeadamente aqueles que assinaram o contrato de arrendamento entre 1990 e 1999.

I think its wholly dependent upon precisely where you live and updated for property unique conditions.

My point - appraisers are nothing more than gut check on value and NOT a precise science, therefore if there are multiple offers within a short time of listing then the appraiser should agree with the market. 

It is very important that you find out precisely what this covers.

I'd need to know more about how old the building is, what neighborhood it's in, etc, to give you a precise picture, but here are some issues.1) You don't include any cost for utilities.

Its certainly foolhardy for anyone to say they can precisely time the end of the cycle, but it think its pretty clear that market data shows we are nearer to the end of this cycle then we are to the beginning. 

I obviously prefer (a) but asked you if you discussed this precise issue with your vendor.

So if you raise rents by $100/month on an 8-cap commercial building, you have now directly forced appreciation by (100*12)/.08 = $15,000, whereas on a residential, it depends a lot on what your neighbors last sold their properties for.Of course, nothing ever works out that precisely in the real world, as caps also fluctuate, but caps are not as volatile as comps.