EDITION 12 — V3.0 RELEASE NOTES

v3.0 — The Terminal.

Dealsletter v3 is not an incremental update. It is the platform the original newsletter was always meant to become: a true terminal for real estate investors.

See pricingTry the terminal
PRODUCTION RELEASE • JUNE 2026 • FULLY LIVE ON DEALSLETTER.IO
EDITION 13 — V3.5

v3.5 — DealCalc + Comps Explorer

v3.5 ships two new terminal tools while keeping the platform deployable and focused. Free users get a powerful no-AI calculator; paid users get a dedicated comps research surface.

FREE FOR ALL (LIMITED)
DealCalc
Streamlined, no-AI calculator experience (DealCheck spirit). Same RentCast-backed property data + full strategy math (BRRRR, Fix & Flip, Buy & Hold, House Hack). Editable inputs, Deal Parameters panel, instant cash flow / cap / CoC / profit breakdowns, and rich visible metrics. Free users limited to the same 3 property-data loads per month as full analyses (to control API usage). Pro/Pro Max unlimited.
Sidebar: DealCalc • No AI models • Pure math via shared calculators
PRO / PRO MAX ONLY
Comps Explorer
Enter any address, pull 10–25 comparable sales (RentCast max via compCount). Key metrics: AVM + value range, comps-derived ARV (low/mid/high with confidence), average & median $/sqft, full sortable table (address, sold/closed date properly labeled, price, sqft, ppsf, beds/baths, distance, type + status). Server + client gated to Pro and Pro Max. Caching, normalization for sold dates, and status surfacing included.
Sidebar: Comps (PRO badge) • Feeds DealCalc + AI analysis
Also: /api/v3/property-data (capped for free DealCalc), /api/v3/calculate (pure math), sidebar nav updates, quota recording via analyzed_properties for unified 3/mo limit, sold comp labeling fixes, cache hardening for high-count requests.
EDITION 13 — V3.5 FEEDBACK ROUND

v3.5 — Pipeline, Scout & Analysis Polish

Direct responses to user feedback: making the pipeline a true workflow, Scout smarter with outcomes, seamless flows, and better data trust inside the terminal. All changes available on the v3.5 branch.

PIPELINE (SAVED DEALS)
Board + List Views + Easy Deletion
Renamed "kanban/table" to Board / List (user-friendly). Select mode now works in both views. Quick category buttons (select all "Watching", all "Passed", All, Clear). Bulk delete bar always available. Accidental property clicks no longer navigate while selecting. Passed deals auto-delete after 30 days (cleanup on load). Clear notice in UI.
SCOUT → ANALYZE FLOW
Prefill + Explicit Fetch Prompt
Running full analysis from Scout results now pre-fills purchase price (list price) + passes ARV/rehab/beds/sqft etc. via params. Prominent blue callout prompts "Click Fetch details →" (manual click works reliably and preserves Scout price + applies other data). No more guessing or lost state.
AI ANALYSIS
"Ways to make this deal work"
When a deal doesn't pencil (low score, weak/negative metrics), the AI now returns concrete, number-driven options in a new "Ways to make this deal work" accordion: target max purchase price, reduced rehab scope, seller credits, strategy switches (e.g. BRRRR instead of flip), etc. Always references specific calcs.
SCOUT CONFIG & FEEDBACK
Multi-Strategy + Learning Loop
Config now supports multi-select strategies (e.g. BRRRR + Fix & Flip); all run together in one nightly Scout pass (single config row per strategy via migration). "Why did you pass?" prompts on Delete/Pass in feed; stores pass_reason + outcome for future Scout improvements (foundation for learning engine).
SCOUT LEARNING (v3.5+)
Explicit Outcomes + Deeper Heuristics
"Mark outcome" UI on Scout feed deals and (for promoted ones) in Pipeline/Board+List: closed, made_offer, under_contract, bad_lead, rent_too_optimistic, numbers_wrong, lost, etc. These gold signals + passes feed the processor. Learning now uses time-decayed stats, save/pass ratios by source/metro, structured reason buckets, basic drift detection (e.g. "you save mostly in 2 zips"). Adjustments richer (top_pass_reasons, source_pass_rates, drift_nudge) and bias future composite/fit/confidence. Cold-start bootstrap + 4-layer visual scorecards (conf/action/fit/comp bars) in feed + detail. "What Scout learned" expanded. New buy-box fields (financing style, rehab tolerance) wired to Fit.

Latest: Basic listing change tracking — price cuts and big DOM increases on addresses Scout has seen before now boost actionability and prepend clear reasons like "+1.4 price cut of $18k since last seen". These appear in the feed, selected detail, and email. Makes "why this is hot right now" much stronger.
SCOUT SETUP
Filter Guidance + Data Quality
Live "Est. deals/night" preview + guidance text in config to prevent too-loose (fatigue) or too-tight (zero results) filters. Scout results now backfill missing beds/baths/sqft via RentCast details call when discovery is sparse. UI shows "—" instead of 0s everywhere.
DASHBOARD & METRICS
Strategy-Specific + Social Proof
DealCard, Kanban cards, and Pipeline List now render strategy-aware metrics (Fix & Flip: Net Profit / ROI / Max Offer; BRRRR: Equity / CoC / CF; etc.). Inapplicable fields = N/A. Live social-proof counters ("X deals surfaced this week across Y markets") now visible on Dashboard Scout strip + inside Scout feed.
Also: DB migrations for multi-strategy Scout configs + scout_results outcome/pass_reason columns; public changelog (no login required); all changes on v3.5 branch.
What actually changed

V2 was a solid SaaS app. V3 is the operating system we always wanted as investors: fast when you need speed, deep when the money is real, and proactive while you sleep.

Every major complaint from v2 users (slow analyses, confusing tiers, broken mobile, PDF spam, Scout being Pro-Max-only locked) has been fixed. We also shipped two entirely new flagship products: Deal Scout and Market Intel.

HEADLINE IMPROVEMENTS
AI Analysis Models
V2
One heavy analysis path. Every deal ran the full multi-model stack (slow, expensive, no choice).
V3
Two distinct modes: Max IQ Speed for quick screens, and the Max IQ Consensus Engine (proprietary multi-model orchestration) for deep conviction work. Pro and Pro Max users choose per analysis.
Deal Scout
V2
Manual only. You had to run every address yourself.
V3
Autonomous nightly agent (Pro Max). Picks your metros + strategies, scans RentCast + off-market sources, runs full underwriting, and emails you only the deals that clear your criteria by morning.
Market Intel
V2
Did not exist.
V3
Live market data across 22+ investor metros: price/sqft trends, all-cash %, investor transaction share, and clear signals (Strong Buy / Hot / Buy / Watch / Caution). Now included for all Pro and Pro Max users.
Mobile Experience
V2
Frequent cutoffs, right-biased scrollers, clipped "MOST POPULAR" badges, overlapping text on landing pages.
V3
Complete responsive rebuild. Proper 16px edge padding, working snap scrollers, safe-area handling, no more visual breakage on real phones.
Pricing & Tiers
V2
Free / Pro / Balanced / Pro Max. "Balanced" confused people.
V3
Clean three tiers: Free (Max IQ Speed only, tight limits), Pro (Max IQ Consensus Engine + Market Intel, 5 Scout runs/mo limited), Pro Max (everything + 7-day free trial with Max IQ Consensus Engine + 3 free Scout runs trial for new users → unlimited; $79 Founding rate for first 25-30 locks forever). Annual plans save 2 months. 7-day free trial on paid tiers (all limits apply).
PDF / Excel Exports
V2
Every email and web result included heavy PDF + Excel attachments.
V3
Removed entirely. Cleaner emails, faster delivery, better mobile reading. Full analysis lives in the web dashboard and Deal Desk.
THE BIGGEST LEAP

Speed and Max IQ are not the same button with different labels.

In v2 every analysis paid the full multi-model tax. You waited 60-90+ seconds even when you just wanted a quick gut check.

In v3 we built two completely separate execution paths:

SPEED MODEL
Max IQ Speed
  • • Dedicated minimal system prompt (no heavy suffixes)
  • • RentCast calls use tighter radius + skip heavy listing data when possible
  • • 1,400 token cap • ~25-30s median on Pro
  • • Available to Free, Pro, and Pro Max
  • • Perfect for screening 10+ deals in a lunch break
MAX IQ (DEEP THINK)
Max IQ Consensus Engine
  • • Proprietary multi-model orchestration
  • • Full context, rich comparables, nuanced risk/opportunity narratives
  • • Distinct "DEEP THINK" visual treatment during processing
  • • Pro & Pro Max only
  • • Use when you are writing an offer the same day

Pro users now have the best of both worlds: instant Max IQ Speed for volume screening, and one-click Max IQ Consensus Engine when a property deserves the full treatment.

PRO MAX

Deal Scout

The autonomous agent you always wanted. Choose up to 5 metros, pick your strategies (BRRRR, Fix & Flip, Buy & Hold, House Hack), set price and cash-flow floors, and Scout does the rest every night.

It pulls from RentCast (including a dedicated stale-seller pass), Zillow fallback, Perplexity off-market, and LoopNet. Every survivor gets full AI underwriting. You wake up to an email with only the deals that cleared your bar.

UNLIMITED RUNS ON PRO MAX. NO ADD-ONS. NO SURPRISES.

NOW ON PRO

Market Intel

Previously locked behind Pro Max. Now every paid user gets institutional-grade market data on 22+ major investor metros.

See price-per-square-foot trends over time, all-cash transaction rates, investor buyer share, and our synthesized signals so you know at a glance whether a market is heating up, cooling, or mispriced.

Data is cached daily so we only pay the heavy API cost once per market per day. You always see fresh intelligence without the lag.

INVISIBLE BUT CRITICAL

Everything that used to be annoying is now boring (in the best way).

AUTH
Fixed the long-standing bug where navigating from the V3 dashboard back to the public site would log you out. Global auth provider now works cleanly across the entire app.
STRIPE
Live production price IDs. No more "test mode" language. Checkout redirects finally route to the correct user_profiles row. Upgrades and annual billing just work.
RATE LIMITS
Real documented abuse protection (Free: 5/hr, Pro: 15/hr, Pro Max: 20/hr). Legitimate users will never hit these. The numbers are shown in your account settings.
EMAILS
Single clean welcome + upgrade emails. No duplicate sends. No PDF attachments. Full rich markdown + tables that render beautifully on mobile and desktop.
DASHBOARD
Watchlist, pipeline statuses (Watching / Reviewing / Strong Buy / Passed), one-click re-analysis, and a much calmer interface. The v2 dashboard felt like a prototype next to this.
This is the version we use ourselves.

The same terminal that powers 150+ issues of the Dealsletter and the daily Deal Desk is now fully public.

Choose your planHow it works
BUILT BY INVESTORS, FOR INVESTORS. NO SPREADSHEET HELL.