Not to mention we share what is a comparison to a studio apartment together, so having my own room and sharing a main living area really is not a concern to me, seeing as how I have been sharing a room with someone for quite some time, sometimes even two people.

Indeed, I agree that most investors would view the purpose as investment valuation and comparison to alternatives.

My questions are whether or not that's a good idea, whether I should count that interest only payment as a business expense when comparing properties or should I exclude that when comparing, so that I have an apples to apples comparison and a true cap rate in the traditional sense?  

A buyer looking at the REO on the street will look at the mountain view one at least for comparison purposes only.The buyer might like a move in ready but will many times go for the deal where they fix up themselves and build in equity.Do you WANT to sell or do you HAVE to sell??

The wholesaler I am working with has purchase price, repair cost, ARV, market comparison data, itemized repair spreadsheet....

Comparison: mission district in SF at least doubled in value from 03-14.

Do you think there is an optimal sequence for upgrading your rental property?

So typically, a person who buys a house and pays 10%, when interest rates are low in comparison, is probably someone who wouldn't qualify for normal loan (FHA etc).

I supposed using a comparison of gross income compared to rent can be very subjective due to each person unique financial situation.

I was saying in comparison to a loan for say about $200k versus one under $50k.