They don't have any real value as far as the purchase price goes.If I am wrong about the assumption, sorry about that.

Any input on rents and whether my assumptions are accurate or not would be appreciated!

My assumption is $0 rent those months other than a holiday week like Thanksgiving Christmas and Easter, where the projections are showing thousands per month.As a frequent traveler to the area, I cannot imagine much rent revenue in Jan, Feb, March, April, Nov, Dec. 

Will, I think the confusion comes when there are not specific details in a comment and assumptions are made, like when Gregory said double close and I assumed he was talking about transactional funding.

@Ryan FoxAny CPA who gives you a numerical answer is making some assumptions, most likely generic and incorrect. 

Using your original assumptions, this deal is a money-loser!

I also find some offerings with more conservative exit assumptions (+15-20 basis points per year, mostly outside of MF).

The devil is in the details and mostly all of your quick math assumptions are incorrect

@Yanely PegueroRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

@John ThomasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.