For instance.

Thanks for the insight as I was unsure if there was something specific that I needed to do in these instances.

For instance: one of my best friends in high school is looking for some capital to fund a deal in south/central Illinois (Bloomington/Normal area).

None of these will be a justification for higher profits.There are intrinsic values that can apply, I might sell Elvis' Caddy for $200K more than the blue book value, it's a collector's item, you might have that in RE if a property can be shown to have been owned by a famous person, but intrinsic values can not be measured in the market and therefore are not used in valuation of real property.

In this instance, the asset Andrew is considering would fall into CCA Class 1 and is depreciated at 4% per annum.  

Flooring, for instance, has a five year schedule. 

For instance: your ability, your experience level, your desire to do the work, whether or not you can afford to pay someone else, the amount of free time you have, whether doing the work yourself would be the highest and best use of your time, and the list goes on.I choose to do some work myself because I enjoy doing it, I have the ability to do it, and I honestly think I do a better job than most of the people that I could pay to do it.Other work I do not enjoy doing, or I don't have the ability to do, or I just don't think it would be the best use of my time - so I hire that work out.With all that being said, I do think there is a LOT of value in doing as much of the work yourself as you can when you first start out. 

If you get a permit for an addition, for instance, they will add that additional square footage to the house and add value for that. 

BP,I know there's been a bunch of posts on foreclosures and auctions, but the topic really interests me and scares me at the same time.I understand that it's critical to do your due diligence before bidding, but I was wondering if I could get some more people's success/failure stories to see how the process works or has worked, more specifically.For instance I was close to bidding on a couple properties.

This doesn't mean to jack the price up 5k, unless you can find hidden value in the property the original wholesaler did not see, for instance you have wholesalers that never go out to look at a property they make offers directly from street views and public records and they get the deal.