The Lithonia deal may have a higher cap rate (as it should) where the Peach tree corners may be higher appreciation following rent raises (commercial does not appreciate for any other reason but by cap rate compression PLUS NOI increases).Is the syndication debt only, cash flow only or a mix of appreciation (at the end) and percent of cash flow as it increases..Lots of syndications benefit the syndicators mostly, some are balanced and are win-win for the investor as well. 

Is there a way to get a blanket approval letter from one national lender versus having to go to each local lender for a letter? 

The below numbers will give my calculations, and for debt service, I'm assuming 80% LTV, 5% interest, and 30-year amortization (I understand these terms are possible to find even for multifamily). 

If you can finish school with little or no debt, I’d recommend doing that.

Always look for a local lender rather than national, as they usually have better rates and are more flexible.

You would have to research the changes related to this but from my perspective IB had a nationally recognized event that seems to now be a more local recognized event and not even the most known in San Diego.IB has a fair amount of military occupancy due to North Island. 

I had my attorney write the purchase contract and he just threw in a line about borrower recognizing underlying debt on a standard promulgated form.

I am saving cash, limiting debt, but If I see a great deal Ill go for it.  

@Roschelle McCoy please post your underwriting here.The best would be to first run a "back of an envelop" calculation of current actual Rents collected which is the income - 50% = your NOI. then take off debt servicing to see if anything left. 

It owns two income producing properties that are debt free.