I can tell you the university is currently building out a large amount of student housing that looks to be about 80-90% done which may alter either your rents or tenant demand, but I can look deeper into that for you if you like.  

@Bryant Amundson you may find someone nationally with experience but that experience won't necessarily translate into good local information. 

Pro Forma is loosely translated as "Total Bull$hit" so any legit investor will vet out the numbers and will think that percentage is absurd and put in whatever they want (Be it the 5% or something in-between, or higher if they want that to include reserves as well).If you aren't worried about your personal reputation then it might be worth listing it as he wants.

I believe understanding and implementing those elements can translate to sustainable success in any field.Alas, we are not here to talk about stocks or psychology (though I could ramble on for thousands of words on either topic), let us discuss real estate.

Marie Poe Note to self: dry humor does not translate well on the inet.

Performing a substantial lift now, only translates into less work during a future turnover if I do not secure another long-term (>5yr) tenant ...

How much dollars does it exactly translate into?

Exit Strategy: Sale/Rent/Lease OptionThere are sub-categories in each step.The order of the process can be altered to each deal.

My research shows that according to the state of Washington, it seems that a "one lender to one note" is ok, but I'm not sure if that translates to an LLC being the "one lender".

Provide complete riser diagram of any altered or new plumbing.3.