My suggestion would be to define a goal and "work backwards"; For example if you are looking to rent it out you may want to leave the carpet vs. if you are looking to sell the home you may want to get rid of the carpet and install new flooring.

Something could be defined as bird dogging it, attempting a wholesale, or taking on a fix-n-flip.

If you know West Seattle, California Ave, 35th Ave, and 16th Ave define transitional zones in values.

When bringing those to components to the table it will show your value that positions you to approach an investor with confidence.

We did a lot of research before starting and found people who ended up with landlocked lots or "waste land" as the county records define it and could not sell the properties.

I do two tier COMP on SFRs - 1.

It needs to address the functions but it should not be written so strictly or well defined that your by-laws or operating agreement becomes restrictive and requires modification to make a left turn.

My point there would be, shop around for the components and you can save serious $ over the course of a multi-touch campaign.Bandit signs violate local regulations in many areas, but in some you can now get a permit to put them out for short periods of time.

It also depends on how you define try and succeed.To follow up on what Dean Letfus is trying to say, people who Try, generally don't succeed.

Mine are actually considered mixed use because of a commercial component.