The most conservative assumption is the income growth.  

Not making any assumptions just stating what shouldn’t be done for those reading this thread and considering on doing the same.

If the work is done after the tenants are placed, it is already in service so you would begin depreciating it immediately.Without looking at the the costs of replacing the siding with vinyl (and other costs relating to the property), I am going to make the assumption that the work does not qualify for any of the safe harbors under the repair regulations and thus would have to be capitalized. 

- future assumptions: What do you guys believe is best for Annual income growth, PV growth and Expense growth ?

*Assumption of 750 FICO for estimates/$1M purchase price*Hope this provides some useful informationEd B.

How did you come to the assumption that Houston small multifamily investing doesn't or will not do well? 

I think it's time to re-evaluate your original assumptions. 

I know everyone on the forums for he most part is baking in certain assumptions to their estimates such as repairs, capex, etc. to calculate their return on investment and expected cash flow.

I am making the assumption that the purchaser of the lien will have to properly notify both the borrower as well as myself as the lien holder before they can go through with the foreclosure action?

Hi All- I have a question on Loan Assumptions for a commercial loan.