@Dan H. some other Qs and notes in the deal:* we will be managing the property ourselves* what assumption would you make about % of income reserved for maintenance?

Every market is different, but for the long term assumptions.

@Ann Covey depends on if you do simple assumption, where the loan stays in seller's name or if you are doing fill assumption and replacing the owner on the loan Note.If you do a simple assumption, how will you receive all the lender notices and access online account?

Rent assumptions are typically an input, not an output.Similarly, a calculator cannot tell you where to buy. 

And I was under the assumption that a HELOC could be used for anything without banks asking questions, is that not the case?

we have filled in the docs just need to send to the County.My assumption is that Trust will ultimately own the LLC (we are going to assign LLC to the trust, once the tile is redeeded to the LLC?

So if the notes currently $2.3 million at 8%, the current ow er can advertise the property for sale at $2.8 million with $800k down and $2 million loan assumption with interest rate of 10%.  

We have seen a 20% increase in median sale prices in Suffolk, and the assumption can be made that this is primarily due to the eastward migration in NYC’s metro market.

@Nicholas RamirezIt can be scary to invest because there are assumptions you'll have to make and starting out there is a lot at risk.

Adjust for any old/new contracts you're removing or addingG&A (Advertising, Office, Software, Etc: T12 adjusted for any old/new contracts you're removing or addingReserves: $250-$350/unit multifamily; $0.15/sqft commercial; $1.00/sqft commerical TI'sTotal Expenses: Sum of all above expensesNET OPERATING INCOME = Project EGI - Total ExpensesProceed to look at multifamily / mixed use sale comps and make judgement call based on (i) going in / exit cap rate assumptions, (ii) $/unit, (iii) $/sqft, (iv) etc.