I am looking for the explanation.  

Scott has a great explanation of expenses in his deal.I guess my comment addresses another approach.Cost are broken down into twpo accounting categories, fixed costs and variable costs.

I am NOT a numbers person and this is the first easily digestible explanation of what I should be doing on every property I consider.

Thanks for the explanation Josh.

If it's the latter, I'd agree that it's too long and too dense, but for any other group it seems like a report that could provide real value.A few things that I would personally like to see:A better explanation of your data sources and methodology.

The explanation has too much background bases to write here. 

Thank you for the explanation Roy.It is totaly clear for me.But my uncle also can be a hard lender even without licence.

The appraiser has to go out to find comps similar to yours within 1/4, 1/2, 3/4, and 1 Mile and there are procedures they must use if they want to expand their search from 1/4 to 1/2 and so on plus explanations they must make in order to justify doing so.

Does anyone have a good explanation for why there's not really any good multi family deals here?

Can someone offer any explanations?