Cap Rate Conundrum

[Brian Plajer]

Hello,

  I have listened to hundreds of podcasts, read several books and attended a workshop regarding the process of apartment building investing/syndication. I still struggle, when underwriting,  what to use as a valid cap rate when trying to determine value.  I understand I can call and ask brokers but that seems so subjective and I will get different numbers. Am I dwelling on this too much?  How do you handle this when you are underwriting your deals?