I have 9 units (Quad and 5 SFR's all on 15 yr mortgages), everything is going really well, things are cashflowing quite nicely (Bought when the market was down).Right now, the market is dry where I am.  

The last 6 months have almost put me out of business because the "deals" have dried up in the strong seller's market.    

It's not always as cut and dry as gross rents - So having a stabilized property (proving low vacancy/delinquency over time) where you can minimize expenses and maximize rents will get you the highest possible value.In my experience, usually only single family homes are valued by "comparison approach."

I don't see a problem as long as you give it time to dry out before installing carpet.

One place literally before the ink dried the tenants where already calling about issues.

In our case, the stains disappear after the counter dries out thoroughly- several days to a week.

This was never brought to my attention and so I went to the back where i slowly discovered dried poop every where...

@Marcus Lorenz,A lot of Homes built in 2006 in Florida have "Chinese Dry Wall."

He mentioned that he likes to get permits for the electricals and plumbing but he has to hire somebody since he is not licensed in that area, but that he can pull out the license for dry walling and stuff.

Phoenix AZ inventory is very dry right now....and doesn't allow much margin.