Enron employees in the early 2000s learned the need to diversify the hard way when the firm collapsed due to fraud (the top executives were selling their shares in anticipation of the collapse while telling the employees to continue investing in it).

What I've found in my personal experience and with people that I have worked with, is that the appraisal oftentimes comes in lower than what you anticipate.

It's also important to understand  whether the property was intentionally listed lower than  the market value so  you can anticipate whether people will bid higher.

I've been picking up land listings in these areas near places that I've seen larger funds and institutions purchase property and businesses in anticipation of this benefit.  

Is your area seasonal, what do you anticipate if the FED cuts interest rates in the April/May or June meeting? 

That is why I used a CC anticipating a situation like this.

So your team is "very open" ... your response is not quite what I anticipated given your role as Head of Growth.In any case, send the full list of properties and we'll go from there.Best,Alan

We don't anticipate using all this money in year one obviously, so my question is whether or not that cash reserve is taxed each year?

Plus it becomes a norm for my tenants and they usually anticipate it.Only one tenant gave me an issue this past year and I reassured them that I wouldn't raise their rent anymore than $25/yr.

You can identify risky circuits this way if you can anticipate how your tenants will use the electric and take action before there is an issue.