Should someone "running the numbers" of a multifamily property include management fees when determining NOI to determine cap rate?

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However, I have seen where the CAP and CoC rates have declined over the past 12-18mos due to increased values.

This doesn't mean that it will a lot, but its a great feature to have to be prepared for any natural obstacles that might happen.

The issue there is that you are competing against all of your neighbors with the same floor plan and same features.

It's much better to understand the Internal Rate of Return (IRR), Discounted Cash Flow, Future Value (FV), Cap Rates, Appreciation Values given a Rate, etc.

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I moved out of Florida in April 2021 and currently live in Denver, CO.From what I understand, it is definitely possible but interest rates will be slightly worse and the LTV will be capped at 75-80% versus 90%.Thanks for any insight! 

., $500k property requires ~$2500 rental income to breakeven):Unless your rent is real high, the cap ex/maintenance will be significantly higher than you estimated.