The Collateral paragraph says: All tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code.

With one address and the units individually labeled A,B,C,D...?

Its a well located C class duplex, updated fully in 2015, has a yard etc. 

They pay 1 full month of rent to get keys, the second calendar month they end up paying a proration b/c they get a credit on their ledger from the "overpayment" of the first month.

Also, the RV park purchase will be listed as a SEC 506(c) exemption allowing free and open discussions about its returns and the investment.Good luck, let us know what you decide to do!

Sandusky: farther (2:45 hrs), less $ to buy, most exceed 2% or are close to it, not sure if industry is dying or growing, neighborhoods are C-B, but seems mostly poverty, and not necessarily surrounded by worse neighborhoods and other crime.

If you bought a $130K house in a C class neighborhood that needs 50K invested to flip for a 30K profit or $70K invested to cash flow $600 month what would you do?

Unless your rooming house is fully compliant with Fulton County and City of Atlanta ordinances {see http://atlanta.elaws.us/code/c... for starters}, you're going to have a hard time finding any professional property managers willing to touch it.For them, that's a lawsuit just waiting to happen...

You can typically lockdown 60-80k deals at 8% cap rates in C class areas.

Originally posted by @Nick C.