But just because one has to use more intelligence, have greater care of methodology, have people skills, does not make it "bad". 

I will never forgive you for this Michael, I looked thru 523 and it seems your methodology is applicable if your property, at one time, is used as a rental and primary (like you leased on some land on you property, or a unit while living there).

But then again I don’t have a vested interest in their buying in to the hype.The other side of the “nothing down” methodology is that in many, if not most instances, being able to put together a nothing down deal results in paying over market value for the subject property, or over market interest rate for the financing.  

Just because a real estate methodology, specialization, property type, etc. can be profitable doesn't mean it's right for you.I did meet two people, but only two people in my 45 years in real estate who were "right" for being a "bottom of the barrel housing provider" (slumlord).  

Am I doing something wrong in my underwriting methodology? 

.- Phase 2 (April 1, 2022)Applied to all remaining existing policies, transitioning them to the Risk Rating 2.0 methodology upon renewal.The new system replaced the decades-old approach to calculating flood insurance premiums, aiming to provide fairer and more accurate rates based on individual property risk.Before Risk Rating 2.0, flood insurance premiums were mainly based on whether a property was inside or outside a designated flood zone and its elevation on a map. 

I would say sec8 is the pinnacle of requiring great management, systems, planning and methodology. 

I'm just wondering if I'm doing this right or if there's anything about my methodology that raises any red flags: 1.)

NOI Underwriting Methodology: NRI and EGI, real estate taxes, operating expense underwriting rules of thumb, replacement reserves, appraiser’s impact on lender underwriting, expense comps, etc.10. 

They have addressed the issue of depreciation of components, but not the actual methodology of the study.