Guides
The mechanics of underwriting a rental, worked through with real numbers. Start with NOI — most bad analysis traces back to it.
How to Calculate NOI: A Practitioner's Guide
Net operating income drives valuation, cap rate, and lender sizing. Here is exactly what belongs in NOI, what does not, and the reserve line most retail investors leave out.
What Is a Good Cap Rate for Rental Property?
A good cap rate is not a single number. Here is how underwriters actually decide what cap rate is acceptable for a given property, market, and risk profile.