I’ve been working on a simple underwriting tool for small investors who don’t want to spend an hour in Excel every time they look at a property.Here’s how it works:Drop in the basics (price, rent, expenses, loan terms)In 30 seconds, it spits out NOI, Cap Rate, DSCR, Cash-on-Cash, and a simple traffic-light recommendation (Green / Yellow / Red)You get a clean one-page summary you can actually use to make a quick “go/no-go” callI’m testing it out with real investors now.

Any heuristics or “deal breakers” that have stood the test of time for you — regardless of macro conditions?

If you want to bounce ideas, I do a Q+A 3 times a week and its posted in the events forums.

I did a test asking agents on Zillow one simple question:"Morning ​C​rystal!

To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.

There are two main tests for the STR loophole:1) Material participation2) 7 days or less is the average stayTherefore, in the real estate world, MTR is usually 30 days and more and would fail the second test. 

.- No need to adjust formulas — it’s plug-and-play.I’m currently sharing the lite version with a handful of investors to get feedback before rolling out the full release.If you’d like to test it out (and give me feedback so I can refine it), feel free to reply here or message me directly.Question for the group: What features do you find most important in a deal analyzer? 

You need photos that stand out and align with the AI-driven algorithm prioritizing listings in popular categories.The 5 Must-Have Photos for Airbnb ListingsI have tested hundreds of photos and analyzed which listings perform best.

Proper research and expert advice can prevent these deal-breakers.Detailed underwriting and stress testing are essential.

Deeper analysis:Once a deal passes the sniff test, plug into a more detailed calculator.