Not everyone has the same priorities - some care about interest rates the most, other care about the points the most, getting the most leverage, closing timeline, reputation, smoothness of the transaction, etc. 

MOST transaction aren’t BELOW market, although I’d venture that 85% of those buyers BELIEVE they’re purchasing real property at a discount.  

DSCR right now is going to have better rates and lower cost right now.  

For instance, someone making $500k a year and living in a very highly appreciating market might be extremely happy on a deal that loses $200 a month but is getting 5% appreciation on a 2 million dollar property in San Diego, butut that doesn't make sense for the investor with 30k and a lower paying job.When it comes to the book series I agree with you that the order doesn't make sense (having read both).

@Jerry Cox Hey, I’ve done several transactions with Opendoor on both sides.

Net effect, typically, means distributions are not taxed in current year, but do lower your basis resulting in larger tax bill upon sale.Depreciation reflected in the net gain/loss from rental box on K-1.  

Ignore the noise of higher cost = higher value or lower cost = low value.  

A buyer's agent often knows the seller's agent from previous transactions and knows how they work and there usually would not be a question about this.2.

Lenders will finance up to 80% of the appraised value, so if the value does come in lower, that will result in a lower loan amount. 

Do I need to run this transaction through my broker since it is not going on the MLS?