My initial projections based on a buy and hold analysis are:$1550 a month in income(Lots of assumptions here)$904.78 monthly expenses(Including maintenance, management, and the vacancy rate)$645.22 monthly cash flow23.45% pro forma Rate$9240 net operating incomex 50% for expenses equals $775Monthly interest/payment equals $124.78Total monthly cash flow using 50% rule equal $65082.90% cash on cash return on investment30.90% purchase cap rateTotal operating expense $780 dollars a monthAs I stated earlier, the house is close to downtown and the State University.

I like that you are reaching out to folks that might need help with projects / errands that is the exact way that I got into REI.  

Their retirement income/expenses projections show them running a $4k/mo deficit.

its probably not much but if it is.. you want to know first hand. if this is your first deal.. its worth the few hundred bucks in my mind.Just think of all the Morris invest clients that if they would have just spent a few hundred bucks to go look at their project they would not be in such dire straights.. but if the TK operator is top notch like a few are there.. you can probably take their word for it.but again if your worried just run out there for a day.

If you like connect with me and I can have one of my project managers touch base with you and see if we could be a good fit for you both.

They’re located in Dover but they did a small renovation project for me in West Orange. 

Example if a syndicator is projections the same gains for multifamily they bought 3 years ago and just exited the next one might be in the middle of a down cycle and they might not be able to hit those projections.

Stuff they are selling now with projected cap rates a bunch of it is just plain trash.How much does your client have to put down?

While it's nice to purchase with the anticipation of year-over-year increases in equity growth, a 10% target is an interesting component of your projections.

Again, they tend to be more negotiable with you more than a Bank and look more at the project than you.