If you search here on BP, you will find lots of intense discussions on CAP and other rule-of-thumb ratios.Sadly, in our markets these days we are finding far to many multi-unit residential buildings which are underperforming (the cash-flow is less than its potential), yet the owner expects to be paid for the "potential" cash-flow, rather than what s/he is producing

I've recently adjusted those.  

It's very intensive, you'll learn a lot, and I know many who have taken it.

Hit lawn care in season, snow maintenance, heating oil, outdoor maintenance are all seasonally adjusted to hit your expenses appropriately as would be incurred.You should be able to get actual utilities, I add 2 or 3% as rates increase.

@Leslie Phelan   true foreclosure buying and flipping is capital intensive to the extreme...IE buying at court house steps auctions rehabbing and reselling.I like your idea to work for a company that does this and learn the ropes and make contacts and get paid to learn.YOu may want to get a RE license as well..

If any money comes back to you from settlement, such as a small amount to adjust some expense or credit, those funds must be deposited in that business account. 

The writing was on the wall, it didn't get to court, she just paid it.I have been personally involved in business sales with RE that were more involved where what was originally agreed to couldn't be met as originally thought, at the fault of buyers and sellers and I'd have to hold things together instead of having one party sue another, adjustments to price usually cure the problem.

Not everything we read / listen on the web is 100% accurate, but to some extent his pitch might help people understand what's happening on global scale to think through and adapt/adjust their investment strategy if necessary.Any thing that we could learn and apply as a RE Investor?

I adjusted my best and final up to 38k all cash.

Prices MUST adjust to a more reasonable level.