Mark Beaty, that would be great to get a group started for Sacramento.

@Mark Brogan,  Good ideas.  

The tenant left some large black marks on the floors.

So total invested $200,000 total return on investment at 5 year mark is 16.48% compounded annual interest.

@Mark Higgins Go into marketing!

I can't talk much for the other Cities, as I don't know them, but I live in GR  where the current average home price is just going over the $200k mark.

Assuming that my ARV is correct and I'm not terribly confident it is as we're total newbies, I think that we might be able to get right around the $200k mark with some sweat equity in projects that we can do, modest kitchen upgrades (counter tops, backsplash, possibly replacing some cabinet hardware), and modest bathroom upgrades (tiling the floors, replacing the sinks and vanities).

Mark Russell This is a good question that I'm also interested in too.

Would we get ranked lower, or receive a 'bad mark' somehow?"

Lease renewal time can add a bit more work and drama to the equation too.By the way, we have several tenants who've past the 20 year mark, others who have passed the 15 year mark, and others who have passed the 10 year mark.