You Don’t Have Time to Underwrite 174 Deals—That's Our Job

By: Teresa Loos-Tedrow

February 20, 2026

If you’re a working investor, your biggest constraint isn’t intelligence or ambition—it's bandwidth.

You want exposure to real estate that can build long-term wealth. But you don’t want a second full-time job sorting through broker hype, optimistic pro formas and deals that only work if nothing goes wrong.

That’s the gap we exist to fill.

And it starts with the oldest rule in real estate: location, location, location.

Start With the Market—Not the Renovation Budget. Before we ever debate renovation costs or rent comps, we apply our first filter:

Is this a growing, up-and-coming location with durable demand drivers?

If the answer is “no”—or even “not really”—we don’t negotiate with ourselves. We move on.

Because you can improve units. You can tighten operations. You cannot renovate a market.

The Volume Behind the Discipline

Over the past nine months, our team napkin-underwrote roughly 400 multifamily opportunities. This is our initial screening process to evaluate market strength, submarket trajectory, debt reality and obvious red flags.

From there, we fully underwrote 174 opportunities—analyzing real income and expense statements, using realistic assumptions, building credible CapEx plans and stress-testing downside scenarios.

The real question is not,

Can this deal work if everything goes right?

The real question is,

Does it still hold together if life happens?

Out of that work, we submitted 15 Letters of Intent and were named Top 3 on 9 deals. And we didn’t win those nine.

Why we’re willing to lose deals

We didn’t lose those deals because we weren’t competitive.

We lost them because we refused to “win” by changing the numbers to match the seller’s price.

That’s the moment many teams get sloppy:

• Stretching rent growth projections

• Underestimating expenses

• Assuming the market will bail them out

• Convincing themselves they’ll fix problems later

That’s not a strategy. That’s a transfer of risk—from the sponsor to the investor.

We won’t do that. Your capital deserves discipline, not adrenaline.

The Power of Patience

Patience is not passive. It’s strategic.

That discipline is exactly how we secured The Haven, a 106-unit stabilized Class B community in Creve Coeur, a strong suburban submarket of St. Louis.

The property offered:

• Strong occupancy

• Cash flow in place at closing

• A straightforward, ROI-focused improvement plan

• Operational optimization opportunities

This business plan does not require perfect market conditions to succeed. It’s built to perform through cycles.

The Bottom Line is

You don’t have time to underwrite hundreds of deals. That’s our job. Our responsibility is to screen aggressively, underwrite conservatively, say “no” when the math doesn’t protect you and only pursue opportunities that align with long-term wealth creation.

If you’re looking to invest alongside a team that prioritizes capital protection, disciplined underwriting, and durable returns, we invite you to connect with us!