It's the relative difference that matters and how that relative difference compares to the market as a whole with the reval.  

What matters to me are the bidding methods (eg.

It doesn't matter what part of the process you are in, all of my skills in RE investing need sharpening.I don't have much to offer in return but if you'd like me to bring your coffee, wash your car, fix your iPhone screen, run errands, whatever you need, I would love to connect!

If you like the idea of being more involved and you're able and willing to put the work in if it means a slightly higher ROI, then there is no better place to make connections than BP ;)No matter what direction you go, I wish you all the best on this new endeavor.

Or maybe it won't matter...

I guess it is a matter of paying taxes now or later.

It then is simply a matter of when a judge gets to it and signs it.

Put additional money into all but 1 too.Doesn't matter much to me, I make more doing them myself, but it's pretty naive to say it costs less to borrow than to JV.  

@Tom V When calculating my numbers I was never concerned so much with AVR because my thought was that if I was able to significantly raise the income of the building enough to support the money spent on the renovations that it did not matter. 

I'm always looking to further educate myself in the subject matter.