If I didn't have that I'd probably not measure risk at all and get my head taken off.

ALL it measures is the market value of a NOI.   

I never depreciate properties held in my own name as, for me, it is always a temporary measure before they are rolled into a holding company and I do not wish to deal with the CCA recapture.For properties held in a corporation, I have yet to experience that ... perhaps the lenders expect real estate holding companies to take all possible deductions (given they are paying at the top marginal tax rate)?

measure the length and width of your walls that have the roof on it and find out the exact pitch of your roof then search the web for roofing calculator and plug your numbers in there.

It's a measure of risk/reward.

., your top price drops by about 10K for the 100/door measure to 79K and 76K for 10% cash on cash.Looks like you have some room to move here. 

Many mortgage industry experts oppose this measure, as they believe will be detrimental to housing finance as a whole.

You're mixing the relationships of assets and income, they are two different matters and rather independent from each other, your balance sheet measures your financial position at a point in time with respect to assets, liabilities and net worth, your income statement measures the performance of the use of assets and management over a period of time.

I'm glad I was able to avoid more drastic measures but really appreciated having those options at my disposal.

I was trying to describe the difference between Actual and Projected income from the property.In my current market, if the broker came with a property with an actual GRM of 12, but a reason he thinks income could rise so it'd be closer to a GRM of 10 within 12 months, I'm interested.You and I sing the same song on evaluating properties in this thread and others - I think the main point is that CAP rate is not a measure of whether something is a good investment.