I will update this blog from time to time to update people for the future. looking to go to my first auction in up state NY December 13th.

For example very specialized TI work specific to the tenant could limit the potential future tenant pool for a building and therefore increase the cap rate whereas generic office space closer to "market standard" may decrease the cap rate.I also agree with @Peter Bowen, the actual cap rate for the building will be set by the market.

I would be glad to give you my opinion.Feel free to add me if you think you may have a tax question in the future.

I look at it this way:  if your forecasts project a 14% IRR and you deliver a 15% IRR, your investors will invest in future deals and refer their friends.

He and I are looking to partner in the future.

Well I thought it would have an impact on how I look on paper for the future.

Just a quick follow up on this (maybe someone will benefit from it in the future).

I explained that should I need to reach her in the future, being that she is located so far away could make things complicated.

@Dave Van HornOnce again I'm thankful for the guidance and I look forward to repaying you with lunch or coffee in the near future. 

I would use the cash flow for future capital or for paying down the principal.