The financials are tremendous, unfortunately so is the management. https://www.biggerpockets.com/forums/52/topics/491641-nearing-1-000-college-student-tenants-heres-what-ive-learned

We met with financial advisor and we have outlined a plan to be completely debt free by September-October.

I am the financial adviser. 

And it sounds like they are not in a financial position to do it. 

We're both 26, by the time we're 35 I would like for us to have over 100 Units generating pure cash flow bringing in at least 60-80k/Month becoming financially free in our mid thirties!!!

Because of the large amount of educational institutions and white-collar professions available in Boston, compounded with a mostly reliable MBTA system, you'll see these attractive tenants having no problem living in areas that will previous C-areas provided that their units are in good shape.

Like adam mentioned coming from commercial real estate or other backgrounds notes may seem like a cup of tea since many in those backgrounds have dealt with real estate professionals and know what IRR is and how to run a financial model.

It just means that based on your financials, they will fund the deal but they will do their own due diligence on the deal.

Regarding your specific questions and advice, here it is: Past 12 months Financials, then a 3 year rear view look, followed by a current market analysis within a 3 mile radius of Each Facility to determine the supply index and demand factors.

Can't really see how you can make it work unless this guy is in big financial trouble.