Here you look at the return on a stream of forward looking cash flows, starting with your DOWN, then each period looking at your CFBT and finally when you sell your net proceeds. 

A Fund Manager usually has lots of cash to be deployed constantly in various properties.

I hear people all the time telling me man I wish I could move to TN.Chattanooga where I live currently (by choice) has a constant influx of out-of-state people.

We're constantly looking for additional streams of revenue that compliment each other within our real estate goals so maybe the snow plow could be one for you!

I feel there is a constant ebb and flow that a lot of newer investors don't understand until they have leased through multiple cycles. 

Don't you want a property where the CapRate at least is predicted to stay constant? 

What I have found is if you are buying a cash flowing deal and you get them stabilized on leases, then your DTI is relatively constant, as you're adding to your debt and income both as you grow. 

Growing up in my household we were constantly renovating my home (Dad was a carpenter/handyman) so I learned quite a bit along the way. 

I'd also be constantly sharpening my axe all day long with doing deal analysis. 

Lets develop an offer price, based on cost to build and then Revenue stream.