You will still be able to dictate who you rent to based on credit score, criminal background, landlord references, work history etc..

Depending on your city, your neighboorhood, and the restrictions/ complaints that come with it, it can dictate your time schedule for better or worse.

So my point being, I am not letting just ROI dictate my decision. 

Today, building codes dictate that polybutylene pipes not be installed in homes.

"I will have to do the minor repairs to get it rent ready"If you were inheriting a tenant would you still need to do repairs, if so when would you do the repairs.Don't let a simple issue like minor repairs dictate your tenant placement.

What does a wholesaler do if they cannot find a buyer from their list within the time limits dictated by the contract?

Even under RESPA if the seller is paying for title insurance for both the buyer and the lender, they can dictate the title company.

Keep in mind location in the submarket will often dictate who you cater to.

Comps do play a major factor in dictating the valuation of the property but like he mentioned, comparable cap rates is what is a large factor which boils down to the rents you obtain.

Since you're a newer investor, I'd expect your rates to be around 12% and 3pts with 10% down payment.Your comps should dictate what you do to your house (in regards to that extra bathroom), not your own personal opinions or anyone else's.See if you can bring a contractor (to get bids) and inspector (to find out what's wrong with the house and determine your scope of work) to the house.What program are you with?