John is a car mechanic.

As of this writing, the S&P 500 was down a little over 17% year to date, and in the same period, my passive investments have been kicking off 5-7% monthly distributions, one of my passive investments went full cycle in just 14 months producing 80% returns, and I sold my long-term rentals that produced about 20% returns annualized over the past 2-3 years.Bottom line: I’m very glad that I invested heavily over the past 10+ years in the real estate space, and I believe that everyone should have at least a portion of their net worth in the hard, physical assets like real estate.I’m not suggesting that everyone should have over 50% of their net worth tied up in real estate investments like my wife and I, but real estate investments can and should part of your diversification strategy to make sure 100% of your investments are not subject to the volatility of the stock market.I’ve recently started tracking my investment allocations across the following categories: stock market in retirement accounts, personal residence real estate, passive real estate investments, cash and autos (anything with an engine – Yes, that’s a Dave Ramsey’ism).

I'm worried about future guests damaging their cars on it, or damaging the driveway. 

I have seen buildings that took up a considerable amount of the land leaving little for parking and it worked meaning the design layout of the plans was well thought out by a good Architectural engineer.

If their car note, utilities, credit card, and rent are all due on the first and rent eats up most of their first paycheck there's a good chance I'll get ghosted til next payday anyway since they need their car to get to work, utilities paid to keep them on, credit card for day to day expenditures, but my house isn't going anywhere and evictions take time. 

So for example, a flipper could be looking for distressed single family homes, unkept landscaping, broken down cars in the driveway, peeling paint, off color roof repairs, and then start to either mail, or contact the homes owners in different ways.

So I decided to create a basic formula with a "decision engine" so I didn't have to make a random guess, but rather make the decision based on what the data shows every time I am faced with the decision to repair or replace.I am sure other landlords are faced with the same decisions, so I thought it might be helpful if I shared the spreadsheet I came up with.

This singled them out from the rest of the houses in the neighborhood, which either had enclosed garages (fits fewer cars) or they had fenced yards with no parking.The smaller comp had more luxury amenities.

Engineering companies will often assist with gathering bids and assessing costs.

I've had cars reupholstered in Tijuana for $100 flat.