Using BP Analysis Calculator

[Amelia Cooper]

Good Morning! 

I am analyzing my first deal and either it's a really terrible deal (it isn't, at least not to the extent the calculator shows where my expenses increase and my equity decreases over time) or I am not using it right. I DID watch the video on it. What other resources are out there to help me understand how this works? 

Also, what is all this "back of the envelope" math I hear about? I've heard our BP experts talk about being able to analyze a deal in 5 minutes, but how can they do that when we are supposed to call around and get information like insurance quotes in our deal analysis? What am I missing?