The county Public administrators office is his executor/power of attorney (?).

[WEBSITE REMOVED BY ADMINISTRATOR]Thoughts?

That's understatement...We lost 4 million manufacturing jobs during the Clinton administration and it has been in a steady decline (I was a EE engineer in my previous life)...I witness a similar decline take place in most parts of Europe (with the exception of the previous country-states of Russia) during the early 2000's...Regards,Scott MillerOriginally posted by "REI":The summary appears to focus more on the office sector within commercial.

$8.07 $7.35 Long term Government backed agency leases High demand rental type 3 to 5 year leases on 50% of the complex Excellent cash flow Estimated Expense Summary Actual Pro Forma Projected Taxes $72,490 $72,490 Insurance $12,131 $12,131 On-Site Management $30,000 $30,000 Trash $5,131 $5,131 Cable $1,708 $1,708 Maintenance $33,402 $23,270 Repairs $15,201 $6,090 Advertising $6,809 $4,074 Legal / Professional $7,483 $2,658 Administration $8,317 $8,317 Permits/ Licenses $1,104 $1,104 Telephone $18,294 $18,294 Payroll / Benefits $112,943 $105,250 Security $17,780 $17,780 Miscellaneous $19,896 $19,896 Utilities $143,030 $136,000 Workmen's Comp $5,388 $5,388 Auto Expenses $2,000 $2,000 Pest Control $716 $716 Furniture $4,356 Totals $518,179 $472,297

This has the added advantage of providing supporting documentation of your administration of the Fair Housing laws.

If a loan was sold to FNMA or FHLMC the servicer is still involved int he liquidation of the property - once again not financially, just administratively.

That alone is 30% and you still need to add insurance, taxes, utilities not paid by tenant, professional fees (accountant, attorney, etc), advertising and administrative costs.

My background was in the Automotive Industry, working for a very large company in the administration part of the business....I decided that I needed something more than just a 8 to 5 job and looked into the Real Estate Industry......I've been doing this business for the last 15 years and found a very nice side to this Industry...As an International property locator....

I hope your administration team does not have too much trouble with the glitches my friend, and here is to the new version of Biggerpockets!

From an experience point of view, I had 2 internships in college (merly lynch and smith barney) and shortly after graduating I joined a company out of the East Coast as a project administrator, and 6 months ago I began my position as the Director of Business Development for Capital Consulting Company.