They hold a first-lien real estate note, as opposed to some junk bond.Aaron,The formula to derive the value of a mobile home park is to take the # of occupied lots x the lot rent x 12 x .6 (if the park pays water and sewer) or .7 (if the tenants pay their own water and sewer) x 10 = the value of a mobile home park at a 10% cap rate.

Value of 4 unit buildings is solely derived from the neighborhood comps and then adjusted for quality and room count. 

With so many variations in properties ARV can only be derived on a property by property basis. 

I am just wondering if any assumptions can be derived from the presence of these cracks in the floor in regards to foundation issues.

NOI and if NOI derived with the 50% rule is attractive - - take it.Another view might be NOI divided by the number of doors - - is this worth your time and effort. 

Futures/forwards contracts, options and swaps are the most common types of derivatives.

You should speak with your CPA on this matter.The basic premise is that the portion of the income derived from the non-IRA capital is taxable.Here is an example:$100K property$40K down payment, $60K mortgage.  

That was derived when Spain colonized the area.

These people know the law really well.So basically transactions regarding property are supervised, governed and administered by government appointed officials, notary public and land registrar, and they can solve any doubts a prospective buyer has about a property transaction.Notary offices also can explain buyers how to file the taxes derived from purchasing or selling property, and point them to the relevant IRS offices to liquidate their taxes.The land registry here is a nationwide public system where everything is recorded.

Pref return first, then return of capital invested, then a split on all future profits derived from income and sale until the LLC dissolves.This is equity, not debt, so they own a part of everything the LLC owns.