The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

Personally I am not on my laptop enough to reply here and think I'd love it if Bigger Pockets had an app.Curious, if they made one would YOU download it?

Is there any reason why Connecticut is the only state without a downloadable lease agreement?

I am in it now and the downloads and take home info are great!

@Jonathan Stone we self manage remotely, no way I’m giving up 20% of gross revenue when we can run our biz from an iPhone.

As a matter of fact there is an excellent spreadsheet by @J Scott that you can download at: http://www.biggerpockets.com/files/user/JasonScott...

The ones that do, I phone screen.

I'm using the SFH Rental Analysis form (downloaded from this forum) and run the numbers on a pre-selling condo unit property we're eyeing on.

I downloaded Adobe's PDF scan tool for my phone, so it was a snap to PDF and send documents and it was helpful in building trust with the rest of the team I had not worked for before.

Highly recommend listening to Ryan Dossey on the BP and BP business podcast and download is ebook.Best of luckMikeP.S. feel free to message me if you have any questions.