Assumptions about the property must be made, and the analyst’s response should be measured by their ability to think critically under pressure and answer the question given reasonable assumptions.If your cap rate goes from 8% to 10%, by how much does NOI need to grow/shrink for value to remain the same?

@Shaun WilliamsYou’ll have to make assumptions about revenues for each property based on short term rentals.

If you do this if anything you will get blackballed and you the assumption you are making act in commercial real estate is that people are stupid enough to allow you to daisy chain a deal.

It was brought up that this deal was marginal last time, but I have shifted some of the numbers based on what I think are more conservative assumptions, but I would love to know how to improve my analysis.

My brain also does a poor job of saving my results/assumptions over long periods of time. 

Meaning an expense ratio above 100%,You want to evaluate every property, and every line item individually, and validate your assumptions with your property manager. 

The specific assumptions and such will be the "art" that you add in your due diligence process.Please feel free to reach out if you have any more questions.All the best to you!

@Kavin Kuykendall, I have taken the liberty to run the report in my rental calculator and obviously have made some assumptions in my calculations but for the most part I thing it probably captures the important stuff. 

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

What are you looking for in terms of profit and what assumptions are you using to do your numbers?