In regards, to renovations I am not touching a counter unless my competitors dictates it. 

First, I normally let management dictate the direction of my properties.

Realistically, other factors will dictate par rates, just like they always have.If rates do end up being higher, overall, we, as taxpayers, should be happy.

Hi Aaron-The question with the Lazy millionare system is it dictates how can fish for motivated seller using the automated deal finder/ data cruncher and anaylze using dela analyzer and then even be able to connect to invester all through one system.

That is what will dictate what the property will sell for.  

But for solid rents and ease of management it will perform in a manner that people think passive investing should be.Plus you have a very good chance at some nice appreciation over time... and yes METRO totally dictates values here.. 

The SELLERS dictate in their instructions that they ONLY want a "purchase agreement,"  and "addendum."

In our current market conditions, the market simply dictates this.Ned already gave great answers to your questions.

@Travis Reed - Fannie Mae and Freddie Mac (they purchase and securitize the bulk of conventional loans and dictate lending guidelines) implement loan level price adjustments, where different types of loans carry different pricing.

I don't have current remodeling experience like your addition project would dictate but based on the numbers I hear from folks, there are no $100/sf additions.