There is no logical reason on products.

I’m pretty confident in the logic behind the loophole, just not experienced in the STR market.

Does that logic make sense?

An easier way to remember.You know, this whole topic suffers from way too many syllables and a logic that always has to be relearned.

This version incorporates:- Value-add renovation underwriting- Dynamic rent and expense assumptions- Refinance logic and DSCR testing- A full 10-year proforma with key return metrics- Deal dashboard with key return metrics and indicators of successI’m attaching a screenshot of the inputs and dashboard page so you can get a sense of how it’s structured.For those actively underwriting multifamily deals, I’d be interested to hear:What do you wish most models handled better in practice?

Use the other quotes to see if the contractor you will work with seems to be logical. is one timeline 1/2 the time of the other quotes?

good luck, and its all pretty logical, just do the work upfront to verify information and you'll find a great tenant.

Lead with a simple credibility stack: be clear about your buy box and pricing logic, share a one‑page deal sheet on every trade (collateral, payor history, servicer notes, exit plan), and match your promises to your updates.

And if so would talking to a lender be a logical first step in moving forward?  

@Jaycee Greene I don't really know what's typical, but I'd say 15-20% or greater IRR would be appealing just based on the logic of comparing to my stock investing which has returned an average of about 11-12% over the last 10 years or so.