.: 336 Foundation: 02 - CONTINUOUS FOOTING Floor System: 04 - WOOD W/ SUB FLOOR Exterior Wall: 04 - SIDING AVERAGE Structural Frame: 00 - NONE Roof Framing: 02 - GABLE/HIP Roof Cover/Deck: 03 - COMPOSITION SHINGLE Cabinet/Millwork: 02 - BELOW AVERAGE Floor Finish: 08 - PINE/SOFT WOOD Interior Finish: 07 - DRYWALL Paint/Decor: 03 - AVERAGE Heat and A/C: 02 - WALL/FLOOR FURNACE Plumbing Fixtures: 6 Bath Tile: 00 - NONE Electrical: 03 - AVERAGE Shape: 01 - RECTANGULAR DESIGN Quality: 01 - AVERAGE Act Yr Built: 1945 Condition: 1 - NEEDS MINOR REPAIRS Building Areas: Area: BAS Sq Ft: 1,152 Area: OPF Sq Ft: 168 Area: EPU Sq Ft: 168 I have an estimate of repairs to be at 15-20K, but what concerns me the most is that there were 2 meters (one for each side) and one is gone and the other is still active!!!!!!

**CAPEX is a concern: Most of the Roofs were replaced in 2001/2002 however furnace, windows and interior repair/replacements add up quickly.

I have a degree in Interior Design, real estate license in the State of New Jersey, attended Trump University for real estate investing.

Aside from that, were the games to be in Chicago it would bring international interest, investment and development to a city geographically located in the center of the US at a key time when international investment could come in very handy.

You'll have taxes, vacancy, and interior maintenance at the very least.

Who pays, if you escrow etc are really questions you need to deal with internally.

fwiw, i am with rich. vegas is not the ghost town the media would like u to think it is. i was out there last month and stayed at the mgm grand and it was at 97% capacitiy (i saw the internal only daily sheet on a desk). 97% capacitiy is pretty damn good for a 5000+ room resort!

Many years ago when I was house hunting in Sugarland, TX, the agent showing us around could drive by any house in the neighborhood and describe the interior and give a value.

With these kinds of buildings they could have become a scandanavia-like international banking center for the middle east.

But then I got to chapter 4 in my book, Every Landlord's Tax Deduction Guide (great book by the way), and read the crap about too many repairs in a short time can constitue a general plan of imporvment, therby classifying your repairs as improvements.Besides the foundation, I need to make other "repairs" such as, re-glazing the bathtub, re-finishing the wood floors, and completely repainting the interior.