Then the landlord can do CI/renovation and petition to increase the rent based on the amount of capital/cash spent to renovate the unit.

I would not say it has been an excessively wet spring BUT we did have a good storm this past weekend (it poured all night long on Sun) preceded by a few days of steady rain so the ground was saturated by the time the Sun storm arrived.

Once you have all eight appraisals in, negotiate prices downward from there to arrive at your "real" bulk/net sales prices.

It all boils down to the assumptions that the sponsors are using to arrive at that forecasted performance. 

Bookings are closer to arrival date.There are definitely more new builds and there are even more lots not yet built on.

I am a military member and arrived here in Colorado Springs in Summer 2015.  

Where did you arrive at that number?

I would love to attend but due to a prior commitment, I arrive in Houston on July 15. https://www.biggerpockets.com/forums/521/topics/323251-flipping-houston-houses-meetup-group---thursday-july-14th-7-00pm

It says that you should take the After Repair Value (ARV) of your subject property (based on what comparable properties in the area have sold for unless you have an appraisal), multiply it times 70% then subtract estimated costs of repairs from that number to arrive at the max price you should offer for the property.  

Likely one of those people will object to this idea, and it’ll be dead on arrival.