That can be your competitive advantage among some of the other investors you come across. 

Walk the competition if you haven't already to figure out what to prioritize.

The 1% rule was actually 2% before, but with the increased competitions buyers are willing to go lower and lower everyday.

In considering how much to renovate and upgrade, I always analyze how much the unit will rent for and what the competition is offering.

If you bill the water back to the tenant you need to lower your rent to stay competitive in the marketplace.  

You will have plenty of competition.  

From what I hear everyone and their mom is getting their license now so there is a lot of competition.

Hi Doug,Your direct competition is 11225 S Whipple which Sold for $235K, but this property is on a 60 foot wide lot.

Check out your competition and see what their staged homes look like.

Would the following distribution be fair  or  competitive in the market (I know this depends on the people, but I'd like to poll public opinion)Bob- 10k at 50% for doing all the operations (buying, rennovating, selling)sally - 2k at 20% capital contribution (20% of 50%)Joe - 3k at 15% capital contribution (30% of 50%)Eric - 5k at 25% capital contribution (50% of 50%)