35 chapters across 7 parts — the whole deal lifecycle, in the order it's actually done. The first chapter is free; the rest open with the course.
What multifamily is, how a property actually makes money, the metrics that matter, and how to read a market.
Where deals come from, how to read an offering memo, and how to decide in minutes what's worth a full underwrite.
The core craft — the rent roll, the T-12, rent and expense assumptions, CapEx, financing, the exit, and the model that ties it together.
Comps, the construction pipeline, submarket forecasts, property taxes state-by-state, and the demographics that back your rents.
Building the investment memo, stress-testing it, crafting the narrative, and defending it under committee-grade pushback.
From accepted offer to LOI to PSA, through due diligence and closing, and into the post-close handoff.
How the money is split — distribution waterfalls, sponsor fees, the tax story, and how to size up the sponsor asking for your capital.