I would recommend going that rout ONLY if you can safely extrapolate in a fair amount of accuracy where will you be financially in 12 months.

This is why they aren't able to ever match the speed and accuracy of the MLS, they're always depending on the MLS to provide the data first, and then only checking back every so often.

I suggest the HP 12 C or the TI, BA II, both are accurate within one tenth of one percent, the accuracy required by federal law in disclosing an APR to a borrower.As pointed out in the link that Bryan so kindly provided, the CAP Rate, as stated is not a correect calculation as explained, however it went a little limp when speaking of appraisal methods and weighted significance, not wrong but not correct either, it would be better for any student to become familiar with other financial and economic considerations; Look to a Manger's Internal Rate of Return and Opportunity Costs of investment choices or alternative investments, this is where an appraiser will be seeking the cap rate for a subject property, with other investments (not necessairly real estate) can provide a return to an investor considering risk, knowledge required to manage the investment, costs to enter that investment market and managerial costs that will provide a similar yield on the net amounts invested.How did we get so far afield from amortization?

However, the importance of underwriting lies in the accuracy of your assumptions about vacancy, repairs, CapEx, how elastic or inelastic the rental market is for your particular price point. $1000/month rental fall into far different classes where I live in NC compared to LA and thus have much different sensitivities to market fluctuation. 

(Accuracy and timeliness are very important for Secretary of State filings - but those will be necessary for just about any business entity.)- Whether you need just 1 LLC or multiple LLCs really depends on how much protection you need.   

I would also like to accurately forecast what our tax responsibilities will be, to a reasonable degree of accuracy.

I pushed back and wanted confirmation from the CPA who reviews the return for accuracy.

I would appreciate you verifying your accusations for accuracy first before posting false information and misleading people.Best of luck and as always, happy investing. 

Market rent $550Roof 10+ yearsNewer vinyl windows throughout the entire buildingSeparate utilities for all the tenantsCopyright © 2016 The Holton-Wise Property Group, All rights reserved.The Holton-Wise Property Group does not doubt the accuracy of any of the information contained herein.

Relates more to what investors are willing to pay for a particular product type at a given time in a certain market.Institutional investors rely heavily on the accuracy of the accounting and strength of management of a project and it makes sense where capital and ongoing expenses are spread over larger number of tenants.