As the old song goes...on a wing and a prayer...

@German E Franco in addition to how a cap rate is determined (calculated), I like to think of it in terms of a Line in a Simon and Garfunkel song.

Thank you for going into detail on the specific dates you said.

That's what I get for going on YouTube, typing "Real estate tax deductions" and thinking everything applies to my business and that I know everything now.

If that GC has custom ringtones on their phone, a HUD inspector's phone number would be something Cardi B's song "Money" (you are a professor, I am in finance, we both have to know things so the young people think we're cool :P ).

And, they've been in business for going on 15 years. 

I know this may song deceptive, but unfortunately it’s a good advice.Now, assuming that you know what you’re doing:What would be your exit strategy on this deal, should you buy it?

I am not willing to forgo the privacy of having no roommates.  

My plan includes having 50 doors in the next three years.Sorry for going the other direction a bit, just felt I could answer your question.

Thank you all for your advice and a shoutout to @Joel Arndt (hope that tagged you) for going right to the source for me!