Can anyone verify that this is correct, or am I missing this entirely?

The building is 24000 feet with lots of hallwys and public areas, and typical 1 bedroom is around 750 sq. ft.Note: this would be a cash purchase with no debt.Calculated the NOI of $31k as follows: Gross Revenue: $101,000Taxes, Insurance, Utilities: $27252 (verified) All told, the Gross Revenue is $101,000 per year.

Price it to what is verified, sounds like the guy is a fluffer looking for a down and a bad note, rinse and repeat as the MO, if you can't verify the real deal there is no deal, you need to walk away....IMO

His income on the application is $4500 per month but the lady at human resource is not willing to verify his wages.

Bad on my part for not checking further to verify.

So far, they required full application showing employment and net worth, have checked our credit, requested months of bank statements and documentation verifying deposits, including direct deposits that clearly state what it is for (payroll dept, property management, etc.), even though the program says just verify cash available for prepaids.

You would probably want to get your tax id for the LLC first so that you can enter it on sunbiz. most banks will just need your tax id and to verify you on sunbiz. pm me if you need anyother assistance. banking is what i do as my day job :)sunbiz: https://efile.sunbiz.org/scripts/coretype.exeirs (for tax id): http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online

If it is honeybees, please have someone verify they are NOT Africanised.

Thanks Karen M.How do you verify they are licensed, bonded and insured?

Also how does the HELOC lender verify that you have 70% equity?