I never meant my example to be all encompassing and do realize that the RE we talk about on BP and most business differ significantly.

A typical semester is 15 weeks, so that means the typical college student will have 15 * 15 = 225 class hours per semester.Don't forget that a typical school year encompasses two semester, so that's 2 * 225 = 450 class hours per year.Going back to our $20,000/year tuition costs, that's an average of $20,000 / 450 = $44 per hour for college in this country.If you're paying $50,000 for training/mentoring, you would need to be getting over 1100 hours of face-time with you teacher for it to equate to what you'd be getting in college. 

The landlords duty of care is gradually encompassing not just tenant but the public at large.

It gives me a good picture of the cash-flow in the most recent fiscal period (typically a year), but to carry that forward 2, 3, 5 or 10 years encompasses as many assumptions and predictions as does calculating an internal rate of return.Now, you can discount future cash flows and endeavour to calculate a series of CoC values ... or, perhaps an average CoC over a period of time ... but you are now getting into an exercise which is not entirely different than determining/projecting a rate of return :-)  Naturally the cash return is a component of overall rate of return."

To encompass the complexity of investing in real estate into books would be equivalent of trying to fit the vastness of an ocean into a standard bottle of water.

Here is a fantastic and all-encompassing article about the ins and outs of DSCR loans: https://www.biggerpockets.com/blog/eight-questions-and-answe...Hope that helps! 

That encompasses a huge area though, so I'd like to hear from experienced investors what sort of radius they use in doing their cma.

  $150k can get you a decent multi-family (2-4 unit depending on class) in one of the three major cities that encompass the Lehigh Valley; Allentown, Bethlehem, & Easton. 

This encompasses eleven authorized activities within the real estate sector, including development, construction, leasing, and brokerage.750 Hours Test: In addition to meeting the 50% test, individuals seeking Real Estate Professional Status (REPS) must surpass 750 personal service hours materially engaged in one of the specified real property trades or businesses.Understanding Material Participation:Material Participation: Only hours deemed material to the operation of a real estate business are counted towards qualification.

So, hard money would encompass most if not all of the following characteristics: not credit based, loan amount based on the value of the hard asset offered as collateral, high interest rate and high points, short term loan, relatively low LTV, low documentation requirements, non cash flowing properties still considered.