Quote from @Rob Tomko: I was hoping to hear some best practices for people out there that own multiple properties.

.- Returns like IRR, cash-on-cash ROI, and equity multiple update instantly.- 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? 

Also, one thing I’ve seen firsthand is that good bookkeeping and clean documentation make all the difference once you start juggling multiple businesses and properties. 

Only pull what you can redeploy at a higher yield than the new payment, keep solid reserves, and stress test DSCR at today’s rates.

you absolutely should be advertising in multiple places, just plug in whoever you pick to the system you want after the fact.  

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

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

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.

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.

If possible it is awesome to test with a focus group.