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Thats great MTR, I tend to prefer that focus because it helps you compare deals but also it helps you compare different variations (and startegies) you can do with the same deal which is why I like using PAT for profitability analysis. You might be able to get $70k in real profit for a 6...

I tend to prefer to think of it in dollar figures - how much actual return rather than % because 20% of $300,000 is very different to 20% of $800,000 for example. Have a think about how much in $ you would like to make from you your reno, over what time frame and with what budget. I always...