.- Any additional information you may have such as an OM or an old appraisal etc.- Leases (not necessarily needed at first, but we will need to review these).On the sponsorship side, we need to know -- Net worth and liquidity of each sponsor with a share of 20% or more

I’ve attached an office acquisition, IRR-based waterfall model I built using the Argus AE cash flows I laid out to underwrite an active OM, as a work sample.2)Hi Ray,I'm a fellow Boston University alum (2005), reaching out to you in the effort to build up my Orange County CRE network.I've heard great things about XYZ, and I would truly appreciate the chance to learn about your experiences there and how you got to your current position as Senior Managing Director.I'm going to be in the Newport Beach area all next week, and I was wondering if you might have time for a quick coffee chat near your office?

You can also usually grab some OM's for free to get an idea of what is being marketed. 

If it's a marketed deal, the OM will tell you.

I'm super excited to get started and to connect with other real estate investors, agents, brokers, building inspectors and any other relevant professionals in the area or om BP.

Appraisers will take out all kinds of things for STNL properties (vacancy, reserves , etc.) but NOI shown will not included those items.If you try to decrease NOI by those metrics you will very likely lose out on buying an STNL property because tons of offers on them.Now MTNL with a retail center I do see if the flyer or OM has vacancy taken out with reserves per sq ft calculated to get to NOI number they are showing.

On a serious note @Cam Chan, internet banks are A-W-E-S-O-M-E especially if you want to keep your emergency funds in a savings account with an interest that makes sense (still less than inflation but heck more than .01%).

I like the property based on OM and financials supplied by the seller.

I am in the process of trying to refine/mature my syndication vetting/evaluation as an LP and trying to clarify some of the more tricky terms in the PPM or OM of the deal that can vary from deal to deal. 

Read the OM and familiarize yourself with the numbers and language of the business.