Eliminate the poor comps to derive your own valuation.The 2nd to last offer I made had a very different valuation from Pennymac than the other tools I use.  

Real Estate is actually less volatile than the stock market, but if you over-leverage, it's similar to aggressive derivative funds that are accepting heavy risk.

Use the history, metrics, etc to derive conservative estimates.  

It's possible with derivatives and hedges to reduce losses and volatility. 

Also be leery of underwriting by anyone that has not been in the market long enough to have long life cap ex failures unless they indicate their cap ex is derived by cost and expected lifetime.  

Its surprising the information you can derive from open sources. 

I've attached an example of one such protocol where you can currently get 23.5% APR on an Ethereum derivative. 

You also need to derive the majority of income via passive income only like rentals.  

Of note, in Florida we lenders are not legally allowed to ask for the "Replacement Cost Estimator" from the insurance company and the agents/companies won't/can't provide it, so we lenders don't have a guide to show how they are deriving replancement cost.

When looking at a deal, ask the operator what % of the IRR is derived from cash flow and what % of the IRR is derived from appreciation.