Someone else might consider that number great if they are in a tight market and all they do is lay out some money and watch everyone else scurry about. 

Your intuition tells you a lot. 

I balance that with mortgage/insurance costs and throw in some speculation on property values increasing/decreasing and add a pinch of intuition.

Giving this kitchen more of an open concept really helped the entire layout of this house.Here are some of the SKU’s we used in the kitchen: Cabinets – Unfinished Oak Cabinets (387-246) Cabinet Color – Antique Tin (PPU 18-3) Cabinet Handles – 3?

If you do a basic buy and hold or flip, it is pretty intuitive.

You may need to develop additional funding sources and take on larger rehab projects, higher price points and (.atvleast for me) target deals where you can force appreciate by adding square footage, increasing bed or bath counts, and reconfiguring layouts.

Sorry for taking so much time to lay out the scenario.  

Layout is nice and spacious.1st unit is a 3 bedroom, 2nd unit is a 2 bedroom ( rent estimate by an experienced and investor oriented Real Estate agent is 1100 and 900 correspondingly) Does not need any major repairs besides new furnace ( and oil to gas conversion) , just some updates, conservative estimate of rehab is 18k for both units ( including 4k for re-winterization)It is a REO and cash offers only. 30 DOM.

Lay out what you are doing, if it appraises out, you're set.

Your sentiment was  intuitive to me, but it never hurts to hear it stated.