CAP rate assumes a cash purchase, so ignores financing.

That is a serious accusation, and you make it with pure speculation and ignorance.

Equity is a powerful piece of the puzzle that can't be ignored.

You ignore it when operating a business.

Don’t ignore it.

Ignoring those metrics, I end up paying for it later.

Ignoring those metrics, I "just wanted in" and ended up paying for it later.

You said counting every single doorknob would annoy them, but do you at least get it itemized into how much for electrical, plumbing, framing, drywall, floors, foundation, etc.I still think I'm going to get a quantity takeoff at least when I'm just starting out with a new GC even just for the sake of letting them know that I'm not completely ignorant on the topic (and thus easy for them to lie to).I can tell them exactly how many CY of concrete will be needed for the foundation and footings and I know that it costs about $130/CY.

If you can't answer the simple question, all you have to do is ignore the thread.

If I had a bad REI deal it was easier to turn it around than to ignore it or leave it in someone else's 'commissioned' hands.