After trying to use broken Spanish from high school I discovered Google Translate which saved meChristmas Day I was in Iowa and got pictures of the basement unit (my most recent completed rehab) that had flooded.

Aside from the fact that I enjoy working with my hands and taking something that looks ratty and making it look nice (I used to restore old Mustangs, too), I have always felt as though I was translating real skills that I have into real dollars by turning a $10,000 rehab done by contractors into a $2500 rehab done by me, and pocketing the difference. 

Sometimes the verbiage of things gets lost in translation, so I just looked past it.

Which translates into improving the envelop before off-loading to your tenants.

Cap rate is the most universally used and one that translates across most areas - allowing you to compare apples to apples.  

This translates to more headroom inside the bedrooms.

I provided my own trusted translator. 

Feel free to use in your analysis.Capital_Req = (1 - Debt_Perc) * Surplus_CF * 12 / ( Net_Cap_Rate - Debt_Perc * Prin_Int_Perc )E.g. (1 - 90%) * 4000 * 12 / (10% - 90% * 5.75%) ~=100k in Capital requiredA 10% cap rate, owner occupied property at 10% down payment and a 4% 30-year fixed mortgage through a no-PMI portfolio lender (the latter translates to ~5.75% principal+interest percent) gives you ~100k in capital required to generate 4k in monthly cash flow (assuming moving out of the owner occupied after 1 year). 

What I mean by that is... sometimes there are things you can say or convey in that LOI other than price that can sway the buyer and not "get lost in translation". 

I thought this would translate into one's business practices.I asked for a contract or scope of work, but the company did not provide one as part of their service.