It was determined that the LLC would continue with the same managers as the previous year which include: [ #6 - NAME OF MANAGERS - ]The above named persons were approved as managers of the LLC by unanimous vote of all the members.The next order of business was [ #7 - DESCRIBE NATURE OF BUSINESS - ] Upon motion duly made, seconded and unanimously passed, it was voted that [ #8 - DESCRIBE NATURE OF BUSINESS AGREED TO RESOLUTION ADOPTED - ] .There being no further business, upon motion duly made and seconded, the meeting was adjourned.Date: _______________ ___________________________________ SecretaryWAIVER OF NOTICE OF ORGANIZATIONAL MEETING OF [ - NAME OF LLC - ], LLCThe undersigned, being all of the initial members of [ - NAME OF LLC - ], LLC, formed under the laws of the State of [ - NAME OF STATE - ], do hereby waive notice of the time, place, and purpose of the Annual Meeting of members and consent and agree that such meeting shall be held on the [ - DATE OF MEETING - ] .

When you get to a management company with a broker, an agent's participation may be limited, depends on state laws as to the adminstrative nature of assisting a broker might be.

Michael, it is simply human nature for one investor to see some massive profit for the other and think, damn, I should be getting this for less.

My thoughts were get the seller to come down on price so I can convert from oil to natural gas and also pass the electric onto the tenants to cut costs.Any opinions on this would be greatly appreciated!!!

It won't work in this incarnation, and if there really is nothing to your idea, it will probably die a natural death and never darken the doorways of your mind again.

IMO HOA super-priority gets trumped by IRS 120 day right of redemption - the IRS must have elected to redeem the property, paying off any of the HOA liens along the way somehow (maybe only paying them from the proceeds of this auction), or leaving those as an obligation for the winning bidder.Of course, the "Nature of Title" and "Redemption Rights" paragraphs in that link will be in play.

Time permitting, I will focus on some natural results for the site as well.

NICOR, the natural gas company in Northern Illinois sent me the following information.

After Volcker Rule banned proprietary trading of investment banks, a lot of money from these banks naturally went to real estate.

Has no damage from Sandy or Irene, but has lots of neglect from past owners from 2001 to today.It's a 3 season only, though they did winterize it many years ago with insulation, forced air heat and A/C, but the septic is not adequate for winter use.I went to the town hall to ask about that, (and this is were I'm not sure what I'm asking or what they're talking about) the last "Perk Test" was in 2000 and measured 16.75", the town won't allow the septic for all year use unless the Perk masseurs at a minimum of 18".I asked about adding a little dirt to the property and there telling me it won't make a difference for the 18" high water line has to be with the original natural dirt so adding won't make a difference.It's a short sale and the banks looking for 550K, the comps for this as a 3 season is about 750K but as a year round residence it would be more like 950K.Any ideas around this 18"?