That phrase from @pmarca "Software is eating the world" gets a lot of hype around here, but there is a lot of truth in it.

Sellers / brokers, intentionally or not, misrepresent their expenses, over-inflate their income and get words and phrases like "actual" "pro forma" and "made the hell up" confused.Once I've seen the P&Ls, I'm not interested in cap rate anymore when comparing investments, so for me, I don't find it useful pre-offer, pre-contract, post-contract or post-close.Nevertheless, as an investor, you need to know what it is because everyone "uses" it and as a negotiating tool, it can be a good one, especially if you understand it better than the other guy.

I realized that that phrase means nothing to me regarding RE.Second, is it safe to say that the Bank Loan parts aren't conventional bank loans? 

The most dangerous phrases in investing:         What could go wrong?                     

Chris, I hate the cliche phrase "it just business, it not personal".

@Alexander Felice  @Joe PappAccount ClosedMaybe my initial question wasn't phrased properly.

Seems to be pretty unanimous agreement on that.Let me phrase the problem in different terms:What do you do, as an real-estate investor, when you realize you made a SERIOUS error/miscalculation and are now stuck in a very bad investment situation?

@James Carlson I like your phrase "medium term" for corporate rentals. :) I have been stumbling on how to describe rentals between 30 days and a year so I'm going to use that. 

Typically I've heard that phrase with respect to analyzing deals, but I think it applies here too in that it's more important that we start somewhere rather than getting caught up in which direction to go first.

If we do decide to be "mean" and tell her no, how would you phrase the letter, just curious?