It is a widely abused metric (because it is so easy to calculate) that does not convey any meaningful information except to determine the margin of safety i.e. spread between unleveraged returns (cap rate) and interest rate on financing.On to your question JThere is no one way to “quickly” factor in the rehab costs.

I'm specifically looking to invest in small multifamily units within a range of 100-200K.

A specific envelope you upgraded to?

My specific interests are in rental properties and wholesaling, and I learn about more opportunities every day!

Specifically SFHs buy and hold.

Without that experience it will be hard for them to truly understand and fight for your unique and specific needs as an investor.

This purchase would not be under your name, it would be under the IRA (specifically IRA custodian will take the title for the benefit of your IRA unless you are using Checkbook IRA).

So my question is -- what's the typical approach for arriving at a possible purchase value -- as it relates specifically to capturing the NOI in time, especially if it seems to be changing somewhat rapidly?

He is a lawyer based in Houston and there is a lot of good Texas-specific info on his site.It will impact you by being more expensive to get it set up and take time to make sure you follow the rules but if you want the HM loan, you don't really have a choice. 

I started drafting a RFP based on the examples that I found online.Another question that encountered during RFP drafting is the specification of the number of units and their size, eg. 1bd vs 2bd.