I'll make some assumptions.

The 5 year proforma by DEFINITION is based on a whole slew of assumptions about a whole host of issues in the future - national economy, local economy, interest rates, cap rates, rental rates, political and geo-political factors.

Let me know if there are other options I should consider.Option 3 - save organically and get creative with sub2, assumption and / or seller-financing for your next acquisition. 

Does anyone have any advice on how to propose seller financing, assumption, or subject to when I go view the properties tomorrow ?

Am I wrong in this assumption?

Step 1 is to calculate projected rental income then immediately deduct the 5% from that, if you are using 5% as your assumption.

The types of creative financing options I was looking into were a lease option/lease-purchase agreement, loan assumption, wrap-around mortgage, and subject to financing.I guess my question is...

With the roof replaced already and will go ahead and make some assumptions that the water heater and a/c are fairly new as well.

However, I'm interested in more detailed guidelines regarding the specific categories of expenses and income, as well as any operational assumptions you might advise.For instance:General and Administrative Expenses: How do we determine if costs related to software, credit card fees, office supplies, etc., are reasonable based on the size (square footage) of the facility?

I think people are under the assumption the numbers are the same as they were a few years ago.