Or vise versa.Look, in all likelihood within a 20 year span yes it will appreciate, by how much though who knows at this point.

It spans over 3 tiles right by the front door.

I like to think of it in terms of leveraging your money and where that money is best spent.  15-20 years of life span on asphalt and let your tenants pay for it over time or pay upfront and let someone else inherit the savings long after your gone.

Often turn over rate is a function of length of occupancy (I believe turn over rate is a function of (quality of tenant, thought into minimizing turn over rate (types of flooring have significant different expected life spans), and length of occupancy)). 

Is the combination of affordable rehab and increasing the rents over that year span typically good enough to build enough equity to pay back to initial funding source?

They key is to make sure they are thick enough to span the distance between the joists the are currently on.

The life span of Tankless heaters are supposed to be longer than Tanks and give you an endless supply of hot water.

When you factor in closing costs (up to 5%) when you buy and commission (6%) when you sell, the property is going to have to appreciate fairly significantly to come out ahead in a 5-6 year span.

Recently, I started working with one of my best friends who is a designer and I love the way my projects are turning out.My margins have been pretty good (upward 20% on an average 4-6 month time span). 

There is also a fantastic networking group in Chicago that does monthly events with panel speakers and all kinds of great intel spanning a variety of topic matters that change each time.