I have seen the good and the bad, I have watched some of the biggest names here in Indy get started and have helped most of them in some form or fashion. 

I don't think we stop here, I would not bat an eye at 5% re-surfacing and 30-year FRM being near 8% for primary by EOY, maybe shortly thereafter.As supply increases, and rates increase, this is going to force a correction.

In true investor fashion, we want to try to pull some appreciation from the property down the line.

If the subfloor is the cheaper plywood this is more likely to happen, as the crappy surface gives it more sticktion. 

If you're going to do it in that fashion, I'd pick the smaller amount for both; one tenant will appreciate the fact that you didn't raise it as high as they suggested, and the other one will think it's fair.

Although many syndicators tend to hide this is some shape form or fashion.

For example when painting over a high gloss surface things tend not to stick.

We just never truly know what's actually unraveling under the surface that could disrupt this. 

From just surface level, if your equity is high and your cash flow is negative, those are clear indicators that it may be time to sell for a gain while you can.

Were you able to get your questions answered in a timely fashion?