Prom notes are a security unless exempt .. 

I wait for 10 minutes and then a security guard tells me it is closed at 4 PM as indicated by a printed sign.... 

To keep these approvals valid, developments should secure public investment to support housing affordability and ensure that at least 50% of the units are affordable.

Ian - do you have any recommendations for a good securities law attorney? 

For example if rent is $2,500, you would expect total gross income of 7,500/month if my criteria is 3x income?

Imagine luxury homes, dream holidays, and financial security.

I have a separate interest bearing account for security deposits as required by my state laws.

The tenant was seeking $14k for security deposit and furniture that was left in the property.

In my opinion a fully passive RE investment is the most risky because you give total control to others. 

Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).