It might limit the recovery of a judgment though.PrivacyAn entity puts slight impediments in front of you if you ever get sued and the plaintiff’s attorney does an asset search on you.

Anyone have suggestions on areas within SB or in San Bernardino to seek decent 6%+ cap under 11 GRM.Not major war zones.Also what are your thoughts of the SB recovery?

If not I would want very strong net worth and liquidity from the franchisee and a legal opinion from a business attorney that I could easily attach their personal assets for recovery. 

If you have an energy recovery system (air exchange system), remember that these filters also need to be cleaned or replaced.Inspect, clean or replace kitchen vent hood filters (non-charcoal filters).Flush all toilets and run water through all sinks, especially in bathrooms that are not used on a regular basis.On a quarterly basis:Check the exterior drainage conditions to ensure that nothing is causing water to stand in puddles for more than 24 hours and that water from any source is not draining toward your foundation.Check your GFCIs (ground fault circuit interrupters) for proper operations by tripping the circuit interrupter buttons and then resetting them.

Many markets are having above average monthly gains which point to a recovery but is this simply a bubble for the summer time and buyers purchasing before FHA changes??

My daughter is an interior designer for professional athletes.

As for the US...this is more like the most lazy & tepid economic recovery we known in our lifetimes.

Well on the eastside where Mr Taylor is talking about are lawyers, doctors, college professors, mid to high level executives, and athletes ( Packers / Brewers / Bucks ).With that said, I believe its resident living versus vacation property.I would suggest you have a list of completed work to property for the appraiser.www.biggerpockets.com/forums/67/topics/81768-how-does-an-appraisal-get-above-compswww.biggerpockets.com/forums/67/topics/78936-what-the-heck-is-going-on-with-appraisers

I think what needs to be communicated is that real estate cycles do not all occur at the same time.You have different lag times of recovery and peaking for residential, versus 2 to 4 unit duplexes to quads, larger apartment buildings, single NNN buildings, multi tenant strip centers, hotels, office, industrial, development etc.Once you understand this there is usually some kind of possible opportunity to exploit in the marketplace.

Principal is discounted when the collateral can not afford the recovery of those advances, fees, interest and principal.