I am trying to get an already existing building in an average area of Los Angeles with conventional loan, they get it permitted and entitled for multi-unit development. 

@Zach Crawford You can still get mortgage under portfolio product.

When comparing markets, I like to look at the ratio of average purchase price per square foot to average monthly rent per square foot and project that to see what my expected rent for a hypothetical $100k rental property will be.

However I was curious what other investors would consider an "Average" CAP rate?

Common real estate statistics like median home price, Average Days on Market, annual change in home value, # sales, # listings, etc.Which statistics can provide clues to how much inventory of distressed (off-market) deals there will be? 

Our average equity needed is $5-7M per deal to leverage 70/30.

you can install a product such as xps foam panels against the brick.   

Hello, I am interested in buying a small single family house in a decent neighborhood (average median house price around 450k), but the seller would want to sell the land (50x100) next to it together for an extra 100k to make a deal. hypothetically I can negotiate it a lower price for the land (any suggestion on how to determine the value for the land), what kind of investment can I make to turn the land into something profitable rather than just being wasted?

I know of specific mortgage products geared towards real estate investors that will allow up to 85% cash out on investment properties (1-4 unit only).

@William Davis In all seriousness, if you do actually have an awesome product/service/business idea, then your level of stoke about it is AWESOME.