We reviewed this deal from one of the major brokers as a potential value-added implementation, however this does not pan out with our current underwriting assumptions.

@Gregory Schwartz don't jump to assumptions!

Scrutinize the assumptions behind the projected CoC yields and IRR.

From a documentation standpoint: wrap = assumption = sub to = mirror wrap = exact wrap. 

The same issues can be raised about assumption deals.

The assumption that the stocks will continue to grow may be faulty. 

Assumption: 15 year loans being used belowYear 1: Hire property manager for all properties to get rid of the headache so you can enjoy retirement.

There are too many assumptions IMHO.

Yet, they may lack experience and haven’t faced the tough lessons that come with time.But these assumptions are just that—assumptions.I know individuals in their 60s who outpace those in their 20s, and I've met people in their 20s with more experience than landlords with over a decade in the business.In the end, what truly matters is the person, not the age.

Understand the underlying assumptions of the underwriting (rent growth, revenue increases,  comps, exit cap), and ask all the questions you can.Above all else, do your homework on who you invest with.