Risk assessment, at least an accurate assessment is mostly impossible for an individual and I'd doubt it's that accurate at a mid size institutional type either.While I understand some of your unique industry, inner-office phraseology such as "capital waterfall" it's not that well understood nor applicable to individual note investors here, while I understand it seems to embellish some sense of expertise in a post, it's poor communication to our audience and simply takes us to conceptual aspects rather than realistic and relevant analysis.

I have purchased houses which needed no repair and have purchased houseswhere the rehab cost was more than twice the purchase cost.Some factors are : size of house, number of kitchens and bathrooms, age, etc.

At the moment, the maximum deal size we can do is $4M or less.

On another interesting note, there are some pretty good sized companies that I have come to understand do a QCD as a function of modifying the mortgage (or trial mod).

I thought it might be nice to have a "universal one size fits all" greeting card we can send to tenants.

I think pulling everything together into one website would be useful in my mind... but I don't know how feasible this might be...One site which consolidates MLS listings (redfin.com, zillow.com), demographic data like distribution of family size, rental unit composition (city-data.com) rental comps for closed leases (rent-ometer.com, zillow.com), on-market rentals nearby (CL), walkscore/bikescore/transitscore (walkscore.com), etc...Of course, right now, these all have their proprietary models.. maybe you can just throw them a few pennies to aggregate it, or justify that the aggregated information is your own product..

It's for an out side remodel 40 units 3 sizes so.

For example, I pay $2,500 for 1/3 of 1 medium sized zip code (so that one average zip code is generating around $7,500/year).Therefore, if Realtors go away, they lose almost all of their revenue and their free access to highly accurate listing data.Will their be disruption over the next 10 years - absolutely.

You can pick any size that is slightly smaller and trim out the rest with wood, trim and siding or aluminum.

Average rents for similar size are $1400-$1500, there are a lot of odd balls asking for $2500 for some reason, but I think those are mostly for seasonal tenants and the houses are furnished...