This is why (I think) in any given market the listed MF properties will all show the same CAP rate- if they want to sell the property they massage the asking price to be just higher than a bank will want to pay based on the income in that market.  

They plan for perfect case situations as others mentioned and massage the debt structure with I/O for stabilized,short term fixed loans,  or ARM's to make the deal pencil.

I purchase their raw data by zipcode(s) to analyze historical/competitive properties and massage it into the critical details I am looking for (need some basic excel skills).  

Those looking for new or different ways to provide housing for your clientele, a vacation home for you and yours or perhaps even enhance your own passive income portfolio may find this article interesting.We Purchased this 1977 12x36 (432sf)  single wide Mobile Home for 100k.

So if someone is getting less money for their rentals then the surrounding properties I would look at what you can add or change to enhance your rent on your properties.

I believe a your license will enhance your knowledge.

After using it many times in the last 24 hours it occurred to me that the following enhancement would be cool:  financing options for the rehab effort. 

From what I understand, he has been doing it for a very long time, i.e. managing properties and enhancing rental values through additions and other means to be able to raise rent for my mentor's properties.

Here's what it says in the 10-K:To enhance a positive image in the community and support one of the Bank's values, we participate in many local events, and our officers and directors serve on boards of local civic and charitable organizations.It's not that hard to figure out.

Because I own businesses in other fields its great to wall off the software by company from the employees view but from my vantage point it's one system that reaches people in all parts of the organization, allows us all to work together on projects and enhances inter office communications.