First, allow me to define small value-add Multi-family, I speak with a broad brush.. anything legally zoned duplex up to 50 units (I'm excluding Class A-B big MF) To set some context, most of the investors that reach out to me are not from Charlotte, or are not intimately familiar with the market here.

I’m defining general light work as plank flooring, painting, minor electrical, etc..For example - is it fair to estimate flooring labor as $3/square foot?

In our case, we define 10 to 12% of the ARV in profit as a good deal.

Some people define "benefit" only in monetary terms.

Tenant’s failure to maintain any item for which Tenant is responsible shall give Landlord the right to hire someone to perform such maintenance and charge Tenant to cover the cost of such maintenancePremises defined in the lease as follows:  Landlord rents to Tenant and Tenant rents from Landlord, the real property and improvements described as: address of the rental property (“Premises”).1.

I handle all contractors on defined work progress, i.e. demo complete, plumbing rough-in complete.  

That's how worth is defined, a tautology.

Before you can decide you'll need to define your goals.

Ive seen this work well, as its not exactly clearly defined how long the IRS wants the holding period.

I define true demand not as mortgage applications but qualified buyers.