@Mary Mitchell You are right, the mortgage could be called at anytime and that makes me a little uneasy.

Originally posted by @Mary Mitchell:For example, in Oregon i must accept the first qualified tenant that applies.

@mary Mitchell this is is why I am here to learn things and I am still learning I prefer positive knowledge.

Thanks Mary.

@Mary Jay I'm not sure how accounting methods would ever break the 'veil' of an LLC.

@Mary Mitchell No POA needed in this case.

@Mary Mitchell We are cheaper, charging $1 per wash or dry.

@Mary Mitchell That is along the line of my solution, the trusty person is one of my tenants who is living in town.

@Mary Mitchell it's just a fourplex, not a commercial deal.

Account ClosedThanks Mary for the Mention.Joe, Caleb, I REALLY want you to look at this Spreadsheet so you can understand that IRR is REALITY AND it is ENTIRELY PREDICTABLE in VERY CERTAIN ways.Here is the example:Let's say you are going to buy a multi-family property with the following assumptions:1) ZERO Appreciation2) ZERO Cash Flow3) Purchase Price: $1 Million4) 20% Down, 15 Year MortgageOn a CoCR Basis, this property SUCKS and the CoCR Investor will stay COMPLETELY Away from it.BUT.. when you model it with an IRR, it looks like this:NOTE: Both the Closing Costs on the Purchase AND the Sale has been accounted for.CLEARLY, this property will be doing well as you are using a 15 year Mortgage and still breaking even in Cash flow throughout the 15 year holding period.This is REAL... why?!