The whole story of performance is wrapped up into appreciation and reversion/sale assumptions. 

It is possible that I could wake up tomorrow in bizarro land and LA could turn into Detroit, we could hit an ice age and the great weather could go freezing, an Earthquake could put us underwater (literally), people in mass could decide that they prefer Omaha, all the tech companies, studios, and VCs could decide to move to Fargo, but I don't think so and I've got decades of data to back that up ... just in case my thesis is wrong, though, I always have multiple exit strategies to hedge against those kinds of risks and always watch and question assumptions.

To improve underwriting you must focus on the quality of your assumptions. 

I love the template you have set up, very informative support and tutorials and easy to customize.

we're becoming a nation of renters" is a fun slogan, but just has no basis in reality.as owners we should: provide high quality rentals, provide responsive customer service, follow the lease, and expect the resident to follow the lease as well.

I also hear plenty of agents say what the house values will be in 1 year or 5 years...or this house is a good deal or this house is overpriced....let the customer be the determiner....ask them questions....what do you think the price will be in 5 years...higher or lower?   

Credit Unions, in my experience, are slow and give poor customer service. 

Where are you getting the 7% assumption from? 

Ask me how I know....If you are able to do the tile installation yourself, you can do it for a lot less than that tub surround will cost you, and you can customize it as well. 

I'm new here, please feel free to school me on any incorrect assumptions I may be making.