There are a lot of opinions on how to do this--some say adding 50 to 200 bps to today's market cap rate, some say adding 0.1% per year, others say something else.I suppose that's a good start, but doesn't really account for much. 

That's my intuition(less friction on the homeowner, they don't have to uproot and find a new place to live), but I'd love other opinions as well.Thanks in advance!

@Drew Sygit The verbiage in our management agreement is as follows: make, contract, and/or supervise repairs, alterations, and/or decorations to Property; to purchase supplies and pay billstherefore; Broker agrees to secure the prior approval of Owner for all expenditures estimated to be in excess of $500.00 forany one item, except monthly or recurring operating expenses and/or emergency repairs in excess of the maximum, if inthe opinion of the Broker such repairs are necessary to protect the property from damage or to maintain services to thetenants as called for in their leases; in the event that Owner is unreachable after multiple contact attempts for more thanforty-eight (48) hours to approve a repair in excess of the above amount, Broker shall be considered authorized to makesuch repair.I've been contacted about high ticket items in the past but these "make readys" are done without approval. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Some tenants are just damn stubborn and stupid in my opinion.

My problem in my market is the opposite of that expressed by @Mike H..  

Thanks Hi Spencer, I have a seven-figure portfolio that is a combination of both hands-on (direct real estate) and hands-off (syndication and crowdfunding)In my opinion, both have their pros and cons and neither is 100% superior to the other.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I would love to hear some of your thoughts and opinions on this.  

My point is cash flow is only one source of return on RE and in my opinion the least desired because it gets taxed annually.