In the sixth webinar session, participants review the fundamental differences between description and analysis in assessing and interpreting the income capitalization approach to value. They explore the application of a lender’s underwriting guidelines to a proposed financing under both stabilized assumptions for net operating income and actual net operating income. They review break-even computations and how they are used in estimating an income producing property’s prospects for withstanding market disruptions, particularly a disruption from an increase in its vacancy rate. In addition, participants explore the considerations that determine an investor’s decision to purchase an income producing property, given alternative investment opportunities.