But, lenders require the sales approach to be done as well and that should be the main component for final value.

I would recommend to educate yourself in the syndication world before jumping into it and start talking to operators and make sure your interest align.  

So provided the loan payments align with the rental payments it seems we have some history to underwrite to.  

The affordable unit count requirement is set based on the base zoning and lot size, so in order to recover the financial hit from the affordable component, you need to amortize it across a large number of units. 

When looking to purchase a commercial property, you have to all of the components more or less at the same time.

The numbers aligned with our goal and wanted to start our journey in real estate How did you find this deal and how did you negotiate it?

But in your loan docs you agree to keep the property aligned with your intended use for the first year.

@Melissa KoonI would use reasonable methods to determine the breakout of the cost on the invoice between those components if you can't get the company to cooperate. 

Replace the copper pipe obviously if you have a leak.Water heaters have two major components, heating element and thermostat.

Networking can lead to future business and referrals.In conclusion, an open house is a critical component of any real estate sales strategy.