Ultimately though, whether 5% or 12%, what I was trying to determine from my question/post is whether a forced appreciation of sorts is required to render the private equity funding model a workable one.

Rule number one, verify you have a workable opportunity.

That's not as good as being there yourself, but it's workable.

It took 10 days start to finish . ( 3 days to dig out crawl space to make the area workable)    The tenants lived . 

The seller is open to seller financing but still working to get our arms around a workable structure.

Would this be workable in the Albuquerque market from what you all have experienced? 

The roof is destroyed in the garage space but inside is really outdated but workable. 3 rooms and 2nd half baths on a 3 acre lot.

The roof is destroyed in the garage space but inside is really outdated but workable. 3 rooms and 2nd half baths on a 3 acre lot.

They hear "TransUnion SmartMove full background check," it cuts down on the flakes like nothing else.My next step is usually an open house they're invited to come to and I hand them my application that they have to fill out, and either scan or take a picture of and send back to me.On this last property, we went from 200 casuals to 30 visitors at the open house taking applications to five completed applications to three workable possibilities to two credit checks, and it was crystal-clear.

I would see if his vision seems workable/ in line with tenants you would accept.