| 1 |  | |  | Due Diligence |
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| 2 |  | |  | Investment Pro-Forma Summary |
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| 3 |  | |  | Pro-Forma |
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| 4 |  | | | | | |
| 5 |  | | | | | |
| 6 |  | | | Loss to Lease Study And Double Check Current Rent Roll Vs. GPR (Make Sure Fees Are Not Double Counted) |
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| 7 |  | | | Payroll Anaylsis Including Burden |
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| 8 |  | | | Property Tax & Escrow Analysis |
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| 9 |  | | | Developer Investment Summary |
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| 10 |  | |  | Sellers Property Files to Provide to Buyer |
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| 11 |  | | | | | |
| 12 |  | | | Copy of past 3 years audits |
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| 13 |  | | | Previous 3 Years P&L Detail Including CAPX (Can Be By Year) & Trailing 12 Month (Broken Out By Month With Total) |
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| 14 |  | | | | | |
| 15 |  | | | Current rent roll & occupancy with fees broken out (if included) |
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| 16 |  | | | Unit Mix (# of each type, SF, asking rent, max rent net of utility allowance, & AMI designation) |
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| 17 |  | | | Copy of most recent utility allowance adjustment |
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| 18 |  | | | List of all Tenants with Section 8 Vouchers |
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| 19 |  | | | Standard Tenant Lease Form |
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| 20 |  | | | | | |
| 21 |  | | | Contact Information & General Summary |
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| 22 |  | | | Copies of Current Tenant Leases & Copies of Tenant Files (Make Available On-Site to Buyer) |
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| 23 |  | | | Listin of current on-site employees (part and full time, thier titles and duties) and compensation packages including bonsus structures |
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| 24 |  | | | Utility Bills for past 12 months |
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| 25 |  | | | List of significant capital expenses / improvments by description and cost. |
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| 26 |  | | | Existing as-built (ALTA or other) surveys |
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| 27 |  | | | Existing Phase 1 Environmental Site Assessments |
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| 28 |  | | | Copy of LURA (long term use restriction agreement) |
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| 29 |  | | | Schedule of Personal Property to Be Included In Sale |
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| 30 |  | | | | | |
| 31 |  | |  | Management & Compliance |
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| 32 |  | |  | GP & LP Relaitonship |
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| 33 |  | | | Partnership Agreement with Limited Partner (distributions schedule is key component) |
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| 34 |  | |  | LURA |
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| 35 |  | | | | | |
| 36 |  | |  | Physical & Rehab |
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| 37 |  | |  | Pictures, Etc. |
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| 38 |  | | | | | |
| 39 |  | |  | Rehab |
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| 40 |  | | | | | |
| 41 |  | |  | Third Party Reports |
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| 42 |  | | | Physical Needs Assessment |
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| 43 |  | | | | | |
| 44 |  | | | | | |
| 45 |  | | | | | |
| 46 |  | | | | | |
| 47 |  | | | | | |
| 48 |  | | | Engineering Report (Plumbing) |
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| 49 |  | | | | | |
| 50 |  | | | | | |
| 51 |  | |  | Purchase & Sale |
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| 52 |  | |  | Purchase & Sale Agreement |
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| 53 |  | | | | | |
| 54 |  | |  | Purchase & Sale Contract |
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| 55 |  | | | Structure closing date to capture as close to a full month of debt free operations as possible |
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| 56 |  | |  | Title Commitment |
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| 57 |  | | | | | |
| 58 |  | | | | | |
| 59 |  | |  | Purchasing Entity & Investors |
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| 60 |  | |  | Investing / Purchasing Entity |
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| 61 |  | | | | | |
| 62 |  | | | | | |
| 63 |  | | | | | |
| 64 |  | | | | | |
| 65 |  | | | Business Entity Documentation |
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| 66 |  | |  | Financing |
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| 67 |  | |  | 1st Position Debt |
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| 68 |  | | | | | |
| 69 |  | | | | | |
| 70 |  | | | | | |
| 71 |  | | | Estimated Sources & Uses With Closing Costs |
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| 72 |  | |  | Questions / Research |
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| 73 |  | | | | | |
| 74 |  | |  | Physical |
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| 75 |  | | | Is Property Fully Sprinklered? |
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| 76 |  | | | Drainage or Water Penetration Issues? |
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| 77 |  | |  | Financing |
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| 78 |  | | | Can Sewer/Water Costs Be Reduced By Conservation Methods? |
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| 79 |  | | | What soft money is available? |
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| 80 |  | |  | Other |
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| 81 |  | | | When is closing in relation to assessment date? |
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| 82 |  | | | | | |
| 83 |  | |  | Other |
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| 84 |  | | | File Dump (Other DD Files) |
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| 85 |  | |  | 223(f) Loan Process |
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| 138 |  | |  | Asset Management |
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| 186 |  | |  | Unfiled Documents |
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