The catch is the CAP is generally only as good as its inputs and to be certain you are comparing apples to apples {even then, you will likely have Spartans, Dudleys, and Honeycrisps} the CAP rate for each cash-flow needs to be determined using the same methodology. 

There's an ancient coral ridge that runs along the cost thru the gables, the grove and miami proper.

But I think you should be pointing this out to the OP since he is suggesting this very thing in his methodology.

The furnace is ancient and inefficient and the house is drafty and your heating bills are huge and the garage is full of his stuff so you can't even use it. 

Otherwise, if you just setup a bookkeeping methodology (e.g. even something as simple as Excel) you don't need to open more bank accounts which means keeping track of more a/c numbers, ordering more checks potentially, etc. 

With the banks, you'll be at the mercy of the appraisers that they hire to evaluate your property, as well as their internal underwriting principalsMulti-family appraisers are going to use both the income approach (strictly NOI/cap rate), blended with a comparable buildings cost per unit methodology.

It is an art but it requires some science and a good methodology. 

. - Distills the concepts of financial responsibility into parables  on ancient Babylon.

I'm open to any advice on this property or my methodology that I've used, and I appreciate anyone who takes the time to respond.Best~Cameron

Ancient electric box that needs complete rewire?