If the improvement allows you to rent faster then your competition and reduces your DOM then it might make sense.

It's nice to have some confidence that we could do that when partnering on deals.However, the biggest reason by far that I'm personally interested in pursuing the partnership is to reduce my risk.

Example: an mls listed under contract sale, below market value that is "a deal," and you have knowledge that it is going to fall out of escrow and the Seller needs to get back under contract immediately and is highly motivated. orOne of your contacts, maybe a fellow Brokerage mate, has a listing coming up, that is still a pocket listing, but you find out the Seller would love to just get it sold and not deal with putting it out on the open market. ...etcBut, if you tell me about a property that happens to be listed on the mls and "it seems interesting," and all you did was search the mls for potential deals, then your "value" as an investor agent gets drastically reduced.

Biggest challenge was being deployed in Iraq during a bulk of the remodel.

However, the more a property deviates from ARV because of deferred maintenance, the less reliable the result is on two fronts: you would expect more expenses and your reduced property value would predict less expenses.

You can save a little by simplifying your deign and reducing square footage, but at the end of the day, quality construction takes time and costs money.

My policy is: late fee on 5th, file 3-day on the 11th, and try to evict within 30 days to reduce losses.

There's been plenty of examples of people assuming they would pay down the debt...and then use it in an emergency...who found their limits REDUCED after they paid the debt down. 

Blackstone isn't about to run out of capital, but this storyline does make a few things clear:1) Capital is actively coming out or real estate and into less volatile assets (bonds/treasuries)2) Independent of company size - if you don't deliver returns, investors will take their capital elsewhere3) Additional indication of reduced buyer competition and softening prices in commercial real estate

There are some additional benefits outside the reduced liability component, particularly for holders - like owner privacy/reputational risk and tax efficiency using the strategy that Joshuam alluded to.