I bought my first commercial property in 1974 during what is now refereed to as the petrol-recession and my second in 1983 when interest rated were over 12%.

Property Details:Purchase Price: $9,500,000 Annual Rent: $498,804 Cap Rate: 5.25% Lease Expiration: 2/28/2038 Lease Type: NNN Year Built: 2013 Options: 10, 5-yearGross Leasable Area: 14,534 SFBuilding Class: BLot Size: 3.20 AC Tenancy: Single No.

I scanned it into the computer, cleaned up the letters so they are real sharp, without ink blots, if an individual letter (abc...) was poorly formed, I replaced it with a letter found elsewhere on the page.  

I got a lot of calls from people who have A) no equity and are about to lose their home, they owe the bank $500k on a house worth $250k (i cant buy this) B) lots of people with variable loans.. which means i have to qualify for a bank in 1 or 2 years (I do not want to qualify for a bank, i want to get a renter that will pay the mortgage) C) people with equity.. very few and these people want 2006 prices.. so $600 sent on bandit signs , left a bad taste.. just a lot of people with problems I couldn't fix.Monica you seem to have better luck, few questions... to make this discussion interesting.1. how do you get a list of non owner occupied houses and ones that are about to go into foreclosure what is the best way to get this?

Damian B: Lots of colleges up there.

If you have any contacts at a title company I'd ask for a few copies of contracts where names and addresses have been blotted out.

Please send me the name, address, and phone number of your employer that I may call and confirm with, and a copy of your last 2 months of pay stubs, blotting out your social security number”

I blotted out some info so Anonymous2's identity can’t be traced from the story alone.

@Lorilyn B. Lots

CARPET CARE.Tenant agrees to maintain carpet with regular vacuuming.If liquid is spilled on the carpet, Tenant agrees to immediately blot the spot with a clean cloth and to consult with Landlord for further cleaning instructions.Tenant agrees not to use carpet cleaning machines that add water to the carpet, as most consumer equipment can not adequately remove water that goes into the carpet and more damage is likely to result.""