I keep beating the table on being consistent with every aspect of what you do; creating written policies and procedures; and maintaining solid documentation, but reading a lot of posts here, many choose to cut corners to "save" a buck.

Living/Dining Room:Demo & Prep ($1,000):DIY carpet removal and ceiling work.Professional for electrical work.Flooring ($2,250):LVP or good-quality laminate.Paint & Trim ($500):DIY painting.New trim.Lighting ($1,000):Update existing fixtures.Drywall/Plaster Repair ($300):Patch holes and make repairs.Window Treatments ($500):Blinds.3.

If so, conventional 30-year financing is off the table as you'd have to close in your own name. 

Many owners leave money on the table simply because they don’t maximize what’s legally allowed.Since you mentioned owner occupancy won’t work because of last in first out, this is where fully understanding the “LANDLORD laws” in LA becomes critical.

Common assumption sensitivity tables? 

The extra 5-10% buffer might sound like leaving money on the table, but it's really just padding for what always goes wrong.

If any of those three are shaky, walk away.I built a full report with the complete 10-year DCF table, rent comps with per-comp cap rates, a 30-year break-even chart, and all assumptions documented.

Lol, im so old school that i carry all the books in my truck (code books too) I still have my drafting table too!  

There's a possiblity it might still be on the table, but I'm waiting to hear back.

RECOMMENDATION - Clear GO/NO-GO with specific reasoning - If GO: Key value drivers and execution priorities - If NO-GO: What would need to change for deal to work - Due diligence action items TARGET CRITERIA: - Markets: TN, KY, FL preferred (pro-landlord states) - B and C+ class neighborhoods preferred (A class = lower returns, D class = higher risk) - Value-add opportunities through renovation and rent growth - Conservative underwriting with realistic expense assumptions - Cash flow target: Varies by deal size - provide actual monthly cash flow projection (Note: Portfolio approach may combine multiple smaller deals to reach aggregate targets) CASH FLOW PRESENTATION: - Always show: Monthly cash flow at stabilization - Always show: Annual cash-on-cash return % - Let the numbers speak - no arbitrary minimums per deal - Flag if deal is cash flow negative or marginal (<$2,000/month) OUTPUT STYLE: - Lead with executive summary: property class, neighborhood grade, and recommendation - Present demographic data in clear tables - Show all financial assumptions and calculations - Be direct about weaknesses - crime, poverty, or demographic concerns that affect risk - Flag if neighborhood quality doesn't align with investment criteria - Provide specific action items for due diligence RESEARCH APPROACH: - Use web search to gather current crime statistics, census data, and economic indicators - Cross-reference multiple sources for demographic accuracy - Compare area metrics to county/state/national averages for context - Identify trends (improving vs. declining neighborhoods)Is anybody else using something similar to do a quick vetting of deals?