As basic as I can explain it

So CoC = 6%If I do 70% LTV ($700K financed) at 3.5%, my ann debt = $37,720/year.My CFBT = $60K - $37,720 = $22,280/year.My CoC with this debt = 7.46% = $22,280/$300K = CFBT/DownSince it's pretty basic as a decision metric, if you do a XLS, put some numbers in and do at least ONE calc by hand to verify. 

To keep it as baseline basic as possible I look for 3 points: - Equitable/ Appreciable gains - Operating good numbers (ROI, COC, NOI etc etc) - Risk exposure (this is to say how stable is the area, how likely are tenants in the area to be trouble or decent, desire for unit, etc etc) It's really that simple.

The finishing are nice but basic as well, they're all brand new.

I don't know anything about the software, but when it comes to analyzing rehab deals, it's as basic as the following formula:Profit = ARV - Purchase Price - Rehab Costs - Fixed CostsIf you know 4 of the 5 variables, you can rearrange the formula to determine the other one (for example, to know your max offer, your max rehab budget, etc).My guess is that this software (or any software that allows you to analyze a rehab deal) basically just puts a user interface around that formula, and spits out some additional ROI metrics on top of it.It's nothing you can't do in Excel or on the back of a napkin.

My construction knowledge when I started was about as basic as it gets.

There is nothing that is relevant in all circumstances and economies...Businesses related to things as basic as food, energy and sex have (and will continue to) undergo radical changes. 

Closing are about as simple and basic as legal work gets.

Keep in mind I'm going to keep this as basic as I can to not cause confusion.

Software engineer = Problem solver Problem solver = REI That's as basic as it gets