@Michael BadinSo if it is still processing after the due date because of a holiday or something you would begin charging a late fee?

.- Tenants don’t lose their voucher if they don’t pay, but they will lose their voucher for things like getting evicted, being charged with a drug charge or a felony, not reporting a change of income.

Tenants can't be charged for ordinary wear and tear.

I did learn a ton though, but haven’t bought anything since because I ve had to recover emotional from all the stress.

Now the loan balance is around 60k and likely plus a couple of penalty charges. 

I'm surprised that more investors don't look into student housing like this where they can charge by the room and increase their profitability like you're talking about. 

A few things to note, my loan program does not  charge PMI if Im below 20% and they cover most closing costs so those are intentionally low.

That would be mixing emotions with money. 

I see in their supplied Proforma that Net Operating Income is $75,720 and their listed Cap Rate is 5.11%.When I do the formula for finding value (value = NOI/Cap Rate), I end up with $1,481,800.What this appears to tell me is that they are charging a $218,200 premium over the value of the property when figured against a Cap Rate of 5.11%, correct?

There are consumer protection laws in place which says they do have to release this information to a Trustee or the heirs, but they will play dumb so they can rack up the late charges prior to giving you the payoff amounts.