Each has their own unique qualities but all-in-all they are pretty standard midwestern markets.

@Ashley Martin we use total monthly household income of 3X rent as the minimum screening standard.

Think paint, floors, and fixtures.Most of the contractors have submitted standard bids.

Can we assign a standard purchase agreement?

Hi Christopher, assuming you are coming on as a KP on a non-recourse commercial loan with standard carveouts, the going rate seems to be 5-10% of the GP.

If not, the initial cash flow will be the highest you will ever receive, and you will have a continuously declining standard of living.You may have noticed that I use rent increase and appreciation interchangeably.

As long as the unit passes basic safety standards you should be ok- what is the issue with the cabinets? 

That said, the size and condition of the facility as well as the size and health of the market will come into play. 

HELOC's are Underwritten according to whatever bank/company standard and an AVM is used which is a software based automated valuation tool.

One of my mentors called this "squishy paper" because without all of those standard terms in there this note is not typically sold in the secondary market.