If it’s proprietary or you’d rather not, I completely understand.Your reply contained exactly what I was looking for...so THANKS!

This is straight from the outline from our Fund's acquisition manual that I am writing:Avoiding rent controli.www.nhmc.orgii.City government or local apartment associationiii.Likely in1.Tenant majorities2.Liberal majorities3.Concentration of senior citizens4.Privately-owned, high-rise, apartment buildings5.More than 100 tenants above national median incomeNote that the information above contains useful resources and evidence that the locale is tenant friendly as opposed to landlord friendly.

If you contain the rehab costs or get a little discount, you'll be there.I doubt a bank will loan you the $28K price.

Also if anyone can attach a contract to see how it looks and what it contains that would be nice.

Contains all the proposed financing details.Based on the letter I think the deal really is for around 265K.

If they had engineered hardwood put real hardwood, You want to be the best property period.Our rehab we just did-there was a house in our subdivision that did just like we did- granite counter tops, ceramic tile- the house didn't look like ours because we all have diffrent tastes however ours was the best rehab- we got 4 offers in the first week while that house sat on the market for 60+days during the summer.

Do you have a parent company which has your brand logo/name which then ownes all of the subsiderary LLCs which contain the properties?

LOL, l was suprised when he asked me this question but l thought hey great idea..if you find usable items to sell on CL or ebay...but he actually fills a container and ships to Africa for sale

Another words 2012 tax year should contain passive loss from 2011, 2010, 2009, etc?

Agree with all of this for our market, especially the lack of anything decent coming from wholesalers  Our last 5 deals - 2 were MLS the other 3 direct contact with the owners  We are only focused on one neighborhood that contains 3,000 homes and have come to be experts in that market.