@Ron Thomas  YOU were the one that made the statement that was basically trying to redefine Value=NOI/cap rate.  

Once I get there, I will redefine goals and move on to the next one. 

This issue has LONG been coming, everyone literally EVERYONE in commercial real estate sees this freight train coming to end of the tracks, it's simple math. 

The quote is as follows: PTI Access Control 1 Falcon XT Base unit USB/Ethernet/ 9 pin D-sub I/O -8 Door inputs- 2 wiegand inputs- 5 relay Outputs w/2 AMP on board Power supply & Battery back up1 storlogix standard software1 PTI VP access device- anti vandal keypad w/out Intercom - (1) gated entryLOT 8/16 oashld Kp communications and powerLOT 18/4 oashld Kp communications and powerLOT 18/2 oashld Kp relay and misc.LOT conduit, fittings and boxesLOT freight/ misc. consumables LOT Project Mgnt/ tech install and labor TOTAL $12,010.00 IP Video/CCTV1 16 channel NVR 4TB w/cms and remote Viewing HDMI Video Output8 cameras Dome IR EPOE -4 MP HD 1/2.5” Sony Exmor CMOS progressive scan -1080P picture quality at real time (30 FPS) -2.8MM wise angle lens -mobile apps - iPhone, iPad, Android -70’ IR Night Vision/TDN -Can be used in application up to 2000’LOT UV rated CAT5 CableLOT Camera Mounting Brackets LOT Conduit, fittings and boxesLOT Freight/ misc. consumables LOT Projecr Mgnt/ tech install labor TOTAL $17,860.00GRAND TOTAL $29,870.00Ok... what do I need and what is fluff?

A runaway freight train!

At most, I'll either have 2 guys working independently from each other or 2 pairs of guys where one of the guys is a helper and not making as much.Many items at Lowes and Home Depot also have a lot of overhead that can be avoided in many instances if you are a savvy shopper and use coupons which can be purchased online (10% up to $5000 or $10 off $50 from mycheapcoupons, also raise.com for another 7-10% off) or shop elsewhere (Harbor Freight for tools).

Because this money is coming out of a portfolio of highly speculative mining stocks that redefine 'volatile' I'm not going to get choked up if I lose money here and there. $80k swings in a matter of days is not uncommon in this basket of stocks so losing money in any reallocation of these funds is acceptable as long as the degree of risk is rewarded over time.

Trying to redefine my recipe.

Spend more time with my father.10 pages, 10 dreams, not one of them is to be rich, but all 10 are to be wealthy.Being rich means you have money, being wealthy means you have passion.I have no idea if you are reading this thread still, but if you are just remember that if you want to redefine yourself, you also have to redefine facets in your life that are part of who you are.

Maybe a buy and hold landlord, maybe a first time investor looking to live in it and fix it.Many of the the phrases that RE investors use, "flipping" and "wholesaling" in particular, could use an overall and some redefining, if you ask me.