My goals for 2023 have definitely  shifted  for various reasons (market dynamics, opportunities  and strategy).  

I hope they simplify the process for visual peeling paint as the initial inspection and get away from the expense and hassle of wipe tests.

I can understand having an auction that garners buyer interest and raises the price of the property through competition and the group dynamic. 

I ultimately built my private lodge and conference center on the property, which is surrounded by retired high profile former rock stars and others seeking privacy in an area in San Diego county.While on my mission to find the ideal property, I made a list of the criteria and visualized not only what it would look like but how it would be used.Early plans called for property search efforts in Santa Barbara county's Santa Ynez Valley.  

I work for an extremely smart and dynamic digital marketing company in Atlanta, Georgia.I'd like to use these internet marketing talents by partnering with someone in the real estate game.

I also hesitate to alter the dynamic of a young couples household by adding a third person to it because it has a potential major effect on a relationship.

Do you use a dynamic pricing software like Pricelabs or Wheelhouse?

I was living in NOLA, and while not investing, I at least understood the dynamic.

Thanks for the visual.

It will affect your return.Gross Scheduled RevenuesLess: Vacancy/Credit Loss= Gross Operating RevenueLess: Operating Expenses= Net Operating IncomeLess: Debt ServiceLess: CAPEX=CFBT (cash flow before taxes)Less: Taxes=CFAT (cash flow after taxes)In preparing an analysis, I estimate CAPEX, whether I take a percentage of the sales price, cost per SF, or judgment based upon visual inspection coupled with discussions with owners, contractors, inspectors, etc.The basic approach would be to divide your CAPEX by the number of years you plan to own the property (or months depending on your analysis).