I've seen formulas before $XX / unit, but I think there's a lot of variance based on locality, asset class, and efficiencies of scale.

If the landlord insulates, replaces windows, installs smart thermostats, and installs an energy efficient heating system the increase in value might well allow for a refi as long as the rents still support the new loan.

Very time efficient but not desirable.

Ultimately what an investor wants when a prospective deal hits their desk is the ability to analyze with efficiency and accuracy.

Caveat, I'm fortunate to have my rentals in an area where evictions, especially obvious ones, are a pretty simple and efficient process. 

Is it efficient monetarily enough to exclusively hire contractors to rehab the houses into rent ready conditions?

The biggest gotchas might be if the ceiling is low or the room(s) don't meet minimum size/geometry requirements,  the building requires a fire sprinkler system and that unit doesn't have one,  or if the city decides the unit must meet some kind of energy efficiency standards.   

It’s not efficient use of my time and resources to conduct my own DD on each asset syndication across sectors.

The other one I got every so often (not even in the same property) was “utility payments were high”..And when you maintain a good standard of living for your tenants and they start complaining about efficiency, quality of property, etc it’s usually a tell tale sign you’ll be in eviction court soon!

Can someone provide us a list of closing attorney responsibilities so we can ensure we’re all doing our part to close in an efficient and timely manner?