The option terms can encompass both the upside potential in equity as well as capturing a part of the cash flow.This would again be attractive to an IRA investor that does not really mind waiting for their return on investment.Happy InvestingDerek Dombeck

Thanks for that very encompassing welcome.

The risks can be managed through study and practice.You really have to expect that no forum can provide an all encompassing checklist and template.

Does it encompass all facets of real estate investing?

In fact, because of their nature, (units stacked on top of one another as well as side by side) the rules in condos are probably much more strict and encompassing.

The cap rate encompasses both the "made up" GRM and the "made up" expenses.

There are many companies that encompass everything....owner/developer/manager.

I haven't seen this exact clause before and it's pretty all encompassing, even making the buyer responsible for past property taxes.

The Land Use codes are very intermingled in the county I operate-within, so I can't go by that alone.There's a Realtor in our office, so we are able to look subject properties up on the MLS, but that is pretty useless unless there's a picture provided in Realcomp.I need a quick way to find out the number of units a property has, but I've yet to find a single, reliable place where I can obtain this information.I get presented with 123 Main St (for example), and I we may get lucky and see some pictures in Realcomp (which helps), but if there are no pictures, I have yet to find a quick way to find out1) What kind of property 123 Main St. is, b/c the land use code associated with it encompasses apartments, strip malls, and everything else into one code2) The number of units a building hasSometimes I'll get lucky and find an old loopnet listing that may help, but that's a crap shoot.Do you know of a place where I can quickly obtain these two pieces of information on a particular property so I can save time and headache?  

South Los Angeles encompasses a lot of various neighborhoods such as Leimert Park, Vermont Harbor, West Adams, Inglewood, Crenshaw District, Watts, South Central, etc (I think our first handout identified 14 different neighborhoods) but I do recommend driving the various neighborhoods because each one has their own activity and development going on.