Andrew, I think you have the basic idea, the note interest on a discounted note has little to do with your yield.Not sure if I was defined as a "blog guru" LOL, We do have another FDIC Bank Examiner here on BP and several attorneys, who may chime in.

Seeing if anyone knew stats or an estimate for building an assisted living facility about 300 units with meds and meals would cost.I am figuring 100,000 per unit.Thoughts appreciated.I am in Georgia so I know other areas land and construction material is more expensive.

Upon reflection, I just realized that I LIVE in a 'bad' neighborhood.Here are the stats: frequent drug dealing and even more frequent drug use; occasional home invasions; frequent burglaries; frequent night muggings; frequent drive-by armed robberies; vehicle thefts; frequent property damage; monthly shootings; rapes and attempted rapes; assaults; and so on.Where do I live?

After a couple of years in real estate investing, I just completed the pre-licensing course and the state exam in November.

I did not pass my PSI examination over the last week.

If you do, you know that those people causing them are not the right ones to be working with in anywayMy best tip to everyone starting out is to focus more on the people your looking at working with rather than the stats and demographics of an area.Dayton is a great market. 

If I caught a tenant peeing outside a multi-family I'd get rid of him/her stat!

Even multi-family macro stats don't mean much to a smaller investor.  

if those numbers are accurate/actual (noi = 60450 and price = 465000) then that could shape up to be a good deal.a lot still needs to be uncovered through due diligence and examined such as:-title report-inspections/inspection reports-previous yrs income/expense statements, rent rolls, utility bills, any service contracts attached to the property, previous years tax bills, etc.

You need to use your due diligence in running your own financial checks on proformas provided by turnkey providers, do your own research on property areas they are selling in, crime stats, property values etc.