As you say, a lot value "could be $10k could be $50k".

@Tina Liao   You say a "private lender" above so are you looking to borrow funds to rehab the properties? 

If you're looking for a market with strong appreciation projections over the next ten years, I'd say a market like Columbus offers more potential due to the surge of companies expanding in the Columbus market.

I assume I can sell a 7 or 8% CAP, so if I have an NOI of $36k annually, I estimate value at around $500k.So if I were wanting to display the project economics to someone, say a hard-money lender or bank, how would the increase in property value be shown?

Quick example showing 10% reserve:A - Cheap rental, $500 rent per month, $50 per month for CapEx.B - Expensive rental, $5,000 rent per month, $500 per month for CapEx.Lets say a water heater goes out and needs to be replaced. 

Let’s say a syndication deal or equity fund consists of an 80/20 split, 1% acquisition fee on purchase price, 1% disposition fee on sale price and 1% asset management fee of gross rents.Does the 20% split get paid to the sponsor individually and then the management fees such as acquisition fee, disposition fee and asset management fee get paid to the management firm LLC?

There is a good chance this tenant will be fine - let's say a 70% chance there are no problems and they eventually move out on good terms.

Here is some advice to help you in this and going forward, remember this is a business, or at least your trying to make it like one, so to best treat it like one just do this exercise of pretend it's a different kind of business, let's say a restaurant, and re-frame the situation in that context. 

To illustrate, let's say a property would qualify for 75% of all gross revenue (collections) above a base amount - which could be expressed in a per machine per day amount like $1.20 per machine per day. 

If it's for their work (say, a mechanic coming straight from work to see the unit), we'll allow that, but we still scrutinize their vehicle.Oh!