I comprehend what Leonard is saying.

We, in the Mid-West, loose money pricing our acquisitions via the GRM - the most unintelligent assessment of worth of an income-producing asset.And I am not sure, Bob, why you would assume that folks reading this are too stupid to underwrite some expenses and comprehend the above 3 paragraphs, are better off using the GRM...

Nor do I fully comprehend the covenants contained therein-I hate to admit.My mortgage has been sold like 4 times.

You should try reading and comprehending.

https://www.fanniemae.com/content/guide/selling/b3...In reference to your claim that you had all this right though, if you're still riding with your initial comments, I think you have misread the guidelines or perhaps just don't comprehend them.  

Marc,I don't think you've read or comprehended my OP or the subsequent replies by myself and others.

I agree with you that it is not a good use of time trying to comprehend the thought process of the IRS.

Investors who say things like, I only buy at a 10cap, fail to fully comprehend the cap rate, what it's for, and, more importantly, what it's not for.You can make money at any cap rate.

@Mike Flynn oh, yeah, that's clearly what you were saying.We can all read and comprehend here, bud.

I get to the numbers and it's foreign, I can't comprehend it.