I have spent a bunch of time reading forums and blogs and listening to BP podcasts.

This should help.Rental Properties LLC - BP Blog

In J Scotts blog he includes closing cost and repair cost when determining Cap Rate, this is confusing me a bit.Cap Rate = NOI / Property PriceJ Scotts Blog Introduction to Real Estate Investment Analysis His example under Cap Rate looks like this:Here is the cap rate for our example property:Cap Rate = NOI / Property Price= $37,169 / $418,000= 8.89%If you look at the blog he breaks down the 418k at the top in the Cost Assumption table: I am trying hard to learn and remember these financial terms but depending on where I read I find discrepancies and it makes me crazy.As we all know the inclusion or exclusion of different factors can change the numbers and make a good deal look bad or bad deal look good.I'm just trying to get this stuff straight so I can create my spreadsheet and know its providing accurate data.

Just an idea I got reading various blog posts and the forums, but any RE venture that I plan for will definitely need to be "passed off" by my BP consultants (all of you) before I jump in!

I am listening to Lisa blog now, she does a wonderful job.

There are some good podcasts and blogs here about doing modest size multifamily properties.

I think that all of your concerns are valid though and you have inspired me enough to consider writing a blog about all this.

One way to do that hereon the site, is being active in the forum or even creating your own blog here.

Bryan- I'm hunting for the blog or thread where I posted it.

All thanks to Josh and his team not to mention from all the great contributers on these forums and blogs everyday.