Its pretty specific to Oregon I dont see these in other states i build in.. although it could just be included in the settlement statements as a matter of course..

Even when the sponsor admitted to numbers (close to $1M) not adding up or false statements being made, she made no attempt further push the issue.

Historically used online software without much issue.Now that I'm looking at the settlement statements from 2004 and looking at a sizeable depreciation recapture hit, I came across a number of questions / issues:1) I believe in 2010 I incorrectly set my basis (I did not include the parking space and upgrades to the units - granite, flooring, etc.).

For example, instead of tax returns and W2s they will check bank statements and the After Repair Value (ARV) to underwrite the loan.

(End)Don't apologize, don't sugar coat the message - just give them the statement above, in writing. 

They can identify potential investment opportunities... not to mention all the tenant/landlord laws, eviction process, security deposits, accounting, end of year tax statements etc. lots of pitfalls to be avoided.wish you success in your ventures!

But that is a broad statement, I’m not giving a detailed context.  

Frankly, the property manager should make a move smooth by sending all the files and transferring all the deposits in 1 statement.  

Maybe I should reframe my statement.

Pretty much think of a commercial loan process as a residential loan process backwards.Lenders do go off the income of the property, but they also do check out the purchaser...3 years tax returns and a personal financial statement.