People would rather dream of something big, dip their toes in it, and later have regret then go big and capture what they ultimately want.

Explore opportunities that you may have missed in the past and figure out how to capture some of that.I believe you need a solid financial foundation first then you can move into your business plan because with little money it is very difficult to be successful in real estate.  

This is enough information for "prospective tenants to find out the exact location anyway)I've yet figure out whether or not this is an affective way to gauge the potential of a rental because...1) I'm still a brand new investor and in the property analysis phase and...2) This method only captures the demand of a property in a somewhat isolated frame of time (for instance, if the property needs renovations, I may not be able to rent it until 6 mths after closing, and by that time, demand can shift...

You lose your equity capture and are left with minimum cash flow.

If you held it for 2-3 years you can capture the equity and go into something else.

. · If I depreciate the building I have to re-capture that when I sell and it hurts my returns.

Capture the full ARV.

Pull the covered back porch into the bedroom square footage.3) capture some or all of the covered front porch to include in the square footage if needed.This is all way too expensive to pull off though.

The benefit of this method is you keep the second property which will double the work your portfolio is doing on the Market Appreciation capture side of your balance sheet.I'm sending you a DM with more information on how my wife and I did this.  

@David Faulkner, the spreadsheet is alot larger than screen shot suggests and captures equity incurred from mortgage pay down, appreciation and cash flow into a total ROI.