I'm really torn because someone can easily come along and outbid us at any moment so time is of the essence.

Should I care that this one job seems very weird since they can easily cover rent ($1750). 

You can just as easily take the money from the flip and reinvest, but the problem is you will be taxed on that profit for that tax year.

I've come across some homes in Tampa and Cape Coral that are under $200K (closer to $100k) which can rent for $1200-1500 easily, with little to no improvements.  

If you're interest in lots of different aspects of REI, your alerts can get out of hand easily (I get like 100+ per day and my focus is relatively narrow compared to newer investors who are casting a wide net) so it's good to know that if something special and specific turns up, it'll be highlighted for you.Feel free to reach out if you have any questions about the Birmingham turnkey market.Best of luck!

I am assuming that you can do the addition and subtraction to get to NOI.CAP Rate = NOI/Current market valueSo by algebraically rearranging the formula:current market value = NOI/CAPIf you deduct debt service from NOI then divide by your required rate of return then you get your value.e.g Your Value = (NOI-Debt Service)/Required rate of ReturnAn example:Lets say:Asking Price: 100,000 NOI = 10,000Debt Service = 5,000Required Rate of Return 5%Now calculate:CAP rate = 10,000/100,000 = 10%Current Market Value: 10,000/10% = 100,000Max Value = (10,000-5,000)/0.05 = 100,000Now, I get you want to do this by hand... however, getting debt service by hand is a bit of a pain using tables.

I'm wondering if  an abundance of equity in two properties [SFR and 200 acres in Northern California [land is free and clear, home is easily 150-200k equity], might be something to put on the loan table.

By doing a candle test around the house to check for drafts around windows or air ducts, you can easily determine places that need a bit of a patch so the cold air can stay outside.Re-Use An Old ItemWhen re-designing a space in your home, it’s tempting to run out to Pottery Barn or IKEA to pick out something new, but re-using an old piece can go a long way towards lessening your footprint.

You can easily find some "hubbers" in Dublin or ask your estate agent or accountant for other investors and give them your details in case they want to network too.

I just don't have the time to apply for so many credit cards, and to know which companies approve more easily and which don't, which give the 0% fee periods.