Good note.I did adjust the Cap Ex on another version of this deal based on another BP member comment. 

If so can it be adjusted?

Here's a chart showing how quickly you're able to acquire 10 properties via the Nomad investing strategy.That means you start collecting rents earlier.Which means you have better cash flow (including cash flow from depreciation here as well).Which means you see more money in your account (which is why you can buy the properties quicker).Net worth over time.Net worth in month 480 that's year 40.If you adjust for inflation, still significant in my opinion.TLDR: Hiring a property manager costs you over $5M over 40 years.

Also, if you are planning on refinancing within 5 years the potential adjustment doesn't matter much.Most indications are that rates are going to continue to rise, so with either one you are looking at a potential rise in payments. 

In my own personal case, maxing my 401k our moved my adjusted gross income to a level that also allowed me to get the max pass through real estate losses deduction last tax season.

From there, you test things out and make adjustments and additions as needs arise.This way of creating a large business model is popular these days because:It costs less to start out.You learn from mistakes and issues as you go so you won't waste money on things you thought were a good idea but didn't work out like you thought they would.You get input from the users of your service along the way essentially letting them help you create what they really want which leads to great customer reviews, etc.That's what we did when we started our online comps service.

One of the comps received a condition adjustment upwards based on “interior photos”.

There is limited adjustment with a 2 hour setback and they make them so they don't go above 70.

Also, every market area is different, so you need to adjust some numbers appropriately. 

This question isn't about me...Say you're already moving along in RE related business in today's climate... making the right moves in whatever market you're in.