We have one property that has a history of producing a lot of cash, so we are able to pay out the entire preferred return in the first two quarters, and then start participating ourselves in the third quarter.  

Does anyone have a generic move-out letter that basically explains the move out procedure to mom and pop tenants.I have a commercial property in which the tenant wishes to remove some installed fixtures.Some of it is dental equipment, chairs etc that they had installed.  

Flipping is Sales, but, repetative sales are like Buy and Hold Rentals that produce Monthly Cash Flow.

I've worked with a handful of companies over the year and the biggest thing to be aware of (in re: the franchises) is each is owned and managed differently... and having a great company vs. a crappy one can make all the difference.Here is my SOP (standard operating procedure):1.

A commercial lender will look more at the income producing potential of your asset versus how much money you make.  

Whether it is a good rental or not as a .5% producer is a separate argument. 

With a good procedure and clear, defined goals you can expect the result to be the positive outgrowth of "trusting the process".

Keeping track of the income and expenses for each unit can be easily accomplished with good bookkeeping procedures that record transactions by categories or registers.Ditto about checking with the landlord-tenant laws for your jurisdiction.

Just like you would have to produce if applying for a long. 

Their procedures are so bad I've had it with them & am ready to put a complaint to the State Dept. and all relevant departments.