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Updated over 8 years ago,
If I buy an apartment building, who keeps the cash reserves?
I'm looking at different buildings right now and was told by a reliable source that, if I buy the building, I get the owner's cash reserves. That doesn't sound right to me. I know I get the tenant's security deposits, but the reserves?
Some owner's are including their cash reserves in the profit and loss statement for the building. If I don't keep that money, then why include it in the statement and disclose it to me?