$8.07 $7.35 Long term Government backed agency leases High demand rental type 3 to 5 year leases on 50% of the complex Excellent cash flow Estimated Expense Summary Actual Pro Forma Projected Taxes $72,490 $72,490 Insurance $12,131 $12,131 On-Site Management $30,000 $30,000 Trash $5,131 $5,131 Cable $1,708 $1,708 Maintenance $33,402 $23,270 Repairs $15,201 $6,090 Advertising $6,809 $4,074 Legal / Professional $7,483 $2,658 Administration $8,317 $8,317 Permits/ Licenses $1,104 $1,104 Telephone $18,294 $18,294 Payroll / Benefits $112,943 $105,250 Security $17,780 $17,780 Miscellaneous $19,896 $19,896 Utilities $143,030 $136,000 Workmen's Comp $5,388 $5,388 Auto Expenses $2,000 $2,000 Pest Control $716 $716 Furniture $4,356 Totals $518,179 $472,297

If you retain most of the control and the note buyer is passive you also might get into trouble with the state security regulators plus the SEC.John Corey

If they must, they will turn it over to an agency like Fanny Mae or Freddy Mac (government supported) agencies that serve as a balance between the RE market and the government control of the properties.

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Your changing it so you can use 3 prong device, with no added protection, just like you didn't have it in the first place.

(side note: don't have kids with jerks with control problems, especially when they can come up with the funds to sue you as the great american judicial system has no qualification process for someone with a biological tie to come after your kids, even completely unfoundedly...and you will be forced to spend a GREAT deal of money to deal with that mess.

You further agree that, so long as you carry out your obligations as agreed, settlor shall forfeit his interest to you upon termination of the trust (at term or upon sale of the property).You just transferred all meaningful interest- without violating the due on sale clause- and fully control the property's use (so long as you fulfill your obligations) and future disposition.

but i doubt you're able to control him saying if you are to buy this house you HAVE to deal with my price.. basically saying its this price or nothing and the homeowner is out of luck as well.

One of the many problems with investing long distance is that you are giving up control of your property.

It has been done before.It is very rare.It is my understanding that Beck's materials are being sold by a company that is not controlled by John.