I may shift my investment to PA from NJ..

It was brought up that this deal was marginal last time, but I have shifted some of the numbers based on what I think are more conservative assumptions, but I would love to know how to improve my analysis.

I am okay with properties that cash-flow well that don't have the other two pieces (appreciation, value-add) but I think I want to research my market more because it seems like a short-sighted game plan not to have at least 2/3 as a contingency plan if you need to shift direction, course-correct, etc. 

It would require me to drive around every evening and take a head count of all the people inside that are working the day shift. 

Any outlier can significantly shift the median.Mean (average) is far more meaningful.

The current board was fairly critical of the 2014 board, accusing it of fundamentally shifting the analysis for political reasons. 

And like others have mentioned, if they start doing repairs, then maybe they think they can start managing the property, adjusting or renovating rooms, etc.Don't let them shift the power dynamic.

FHA on a Full 203K (not a streamlined 203K) allows a conversion from a SFR to a multi up to 4 units, or vice versa, a multi to a SFR.

“Streamline Option” – or “Limited Repair Program”a.Total financed rehabilitation costs cannot exceed $35,000b.Maximum Sub-Contracts is 3If more than 3 are needed then a General Contractor will be requiredc.Repairs are limited to cosmetic repair only.

We want to streamline the technology side of management.