I am currently presented with a golden opportunity to purchase a property for 50 to 60% below market value.

After hearing the presentation the venture capitalist clears his throat and replies...

Especially the math is fun one that popped up as you use the NPV-Net Present Value to get your IRR- the internal rate of return.At any rate you say the purchase price is $1,600,000 for 16 units which is $1m per unit-the NOI is $181,000/12=$15,083 per month income after all expenses except these here. 

This would present a good value add opportunity for you if you can provide the right experience to an area that has great occupancy rates. 

I plan on using this, but I am a bit confused as to when and how to present it. 

Don't buy HIGH cap properties that look good in presentation.

I currently live in the NY Metro area and am looking to connect with any investors presently in the Kingston / New Paltz / Mid Husdon valley markets?

You should have something clear to present to these lenders.

The supply and demand requirement was present for the town that I was considering and I assess that the minimum gross monthly income would cover the business expenses.

You are evaluating all the info presented to you to determine the likelihood that this tenant will be able to fulfill all of your lease terms and take good care of your house.