Third option is to move ahead with 1031 exchange, find out how much $$$ you have to hand over subtract that from tax consequence if you can't find a deal.

The contractor would be responsible for providing the majority of the labor. upon the sale of the property, I would get re-embursed for the expenses, then the remaining profits would get split somehow. the wages accrued might be subtracted from their cut at the end, and they'd get the remainder of the split at the end.im curious what might be considered as a reasonable portion, given those parameters.

This means they are usually the opposite of a value add, they are a value subtract (new term).  

Subtract the new amount from the first amount.

It is taken directly out from the projected NOI, and replacement reserve account + debt service is what's subtracted from the NOI to find net cash flow.

Take your annualized collected rents (plus, other income if there is any - pet, utility bill back etc) and subtract your annualized expenses.

If you want to raise some $ and do joint ventures, track record and experience mean way more, but a degree adds, but doesn't subtract. 

I agree with your statement that if Rf is just adjusting for inflation then it's a pointless metric- I could just subtract 2% from my gross return.

Do I add up my coverage and subtract from the value of my assets? 

@Julio Cruz that makes sense, but if the house is worth 700, they sell it, subtract broker fees and pay off the outstanding debt, like you said, they're left with 450K.