There was a large payoff coming the defendant's way that afaik they never received because the 3rd party investor put in an emergency motion to stop the distribution.

@Jessica Zolotorofe A Letter Of Intent is a Commercial Paper under the Uniform Commercial Code. 

A new roof will be 5-10k in the city, a new oven is $500, a new boiler is $4000...your maintenance budget is blown if you're basing it off of that.You aren't budgeting for vacancies (pay yourself to deal with loss of income and finding/vetting new tenants)You aren't budgeting the utility bills, and you likely pay for at least waterYou aren't budgeting for city costs like license renewalsYou aren't budgeting for your time, potentially, by even having a line item for "management" where you can pay yourself some money for your time.So, if your goal is the highest rate of return, go through the motion of finding out what that is and report back to us.

They would only do that IF the borrower filed a chapter 13, filed a motion to lien strip a junior lien, was successful in that motion, and completed the chapter 13 and got their discharge and THEN notified the lender to reconvey the title back to them.

The bonds were financed over a 30-year period and repaid via a non-ad valorem tax that was assessed against the land parcels that were inside the boundaries of the district.The Florida legislature created the Uniform Community Development Act (Chapter 190) in the Florida statutes in the early 1980’s.

I do calculate the cap rate when considering a purchase, because it's part of going through the motions, but I don't pay much attention to it when deciding whether to do a deal or not. 

Real estate Investment has always been a goal of mine, and with discovering Bigger Pockets, it has really started to motivate me to get things in motion.

I just went through the motions of purchasing my first property. 

I third the motion for Home Depot classes!

Go through the motions like I'm gonna buy it.