Having a bit of trouble finding one that I think has a reasonable grasp on the market as it relates to rehabs and what translates to a deal.

So I'm not sure how much of my experience translates to yours, but these things do happen and flexibility is important.

Conversely if you can manage to find long-term tenants, the rate goes way down.The moral of the story is that an accurate vacancy rate is certainly needed for long term projections however, the vacancy rate is also one of those things that is highly variable, and yet often controllable, where the most savvy find ways to manipulate it in their favor which translates into very real dollars.

This translates into being able to pull more money out or allows you to buy maybe a few bucks higher. 

Assuming you hire an accountant, they will translate the total expense to an annual depreciated amount.

At a 6 cap, that translates into a $1m increase in FMV of the property ($60K/.06 = $1m) !  

Basically, this translates to a significant portion of the residents in the area as a whole being subsidized.Some info: http://www.heraldnews.com/news/20161216/problems-w...

That would translate, at the higher sq ft end, into about 350-375 rental units with average size 95 to 100 sq ft (5 x 5's  up to maybe 10 x 30's ). 

The home's value does not translate into higher rent in my mind.

So while the "standard" American translates "preservation" as something akin to putting $ in jars and burying em out back, "elite wealth" translates Preservation into a action, growth, consolidation, they are doers.