EmoryYes- you want to separate the two investments and add the two values together for an offer price. 

How important are factors like high-speed internet, furnished common areas, security features, and in-unit laundry to these tenants?

If it's the Madison area, I can provide a bit more detail. 

I provide details of the deal, my background and experience in Real Estate and will provide more than that upon request.As a lender, I want to see much of the same.

This is never accomplished in hard money loans and some may feel this adds more risk to the lender not having interest paid as you go, I argue that not having to come up with that monthly interest payment reduces the amount of capital needed for that project total and there by reduces the loan to value needed which helps both parties.

There's essentially no LTR market as it's in the middle of nowhere and the town is pretty picky about keeping property values up so you don't have a bunch of trailer parks or apartments. 

Of course, have a plan to pay it back but it's a great way to utilize money that is basically tied up, and losing value since in a couple years it won't be worth what it is today.  

Experiencing these first hand in your own home provides greater flexibility while you figure this whole racket out.Thirty years ago, I was fascinated by real estate opportunities in an emerging market (Brooklyn) and spent lots of time looking at cool warehouse space in places that are now 30-50 X the price. 

One day I plan on operating in a similar fashion in providing a seamless experience with quality products.

(I'm looking into following the million in net worth plan from the book)When buying a property for a low value ex: a duplex in Cisco TX for 95k and probably cheaper.