Most underwriting looks great on a spreadsheet — until reality hits. The quickest way investors lose money isn’t the market…it’s bad assumptions.

In this episode of Full Out Real Estate Investor, Mark Faris and John Makarewicz break down:

✅ Why most deals fail long before closing

✅ The three pressure points that make or break returns: rents, expenses, and exit caps

✅ How their “kill-criteria” removes emotion and forces disciplined underwriting

✅ The exact rent comps, expense audits, and exit scenarios they stress-test before writing an LOI

✅ How conservative assumptions protect downside while still capturing upside the right way

They also unpack why wishful thinking is the #1 threat to investor capital — and how a three-layer defense system (data, boots-on-ground intel, and external checks)  ...