Basically I just wondered if there is a standard formula — something similar to the MAO formula that rehabbers use.

I'm basically trying to tap different economic sectors. 

I just think it's about basic fundamentals and not shooting from the hip and I take every opportunity to say it.  

It’s basically the one small block still left in that area with any kind of businesses on it.

@Ian WalshThe definition of ignoramous is basically someone who is ignorant, or in other words doesn’t know.

I jumped the day I heard of it and basically made the same $1.5m offer.

In effect, you have basically demonstrated that the LLC and your personal assets are connected, and have given a lawyer an avenue to drag your personal assets to the table if the LLC is sued.  

However, our lawyer has informed us that it could be problematic because transferring a mortgaged property to an LLC can trigger a “due on sale” clause in the mortgage documents, which basically states that if the property is transferred the lender can deem that a default,  which is an event that allows the lender to call the mortgage (i.e., require it be paid off in 30 days).Has anyone else come across this issue in NY State?

To refi basically takes me from having a property that I'm currently loving the returns on to one where I'm one rent drop away from probably looking to sell.

I am still trying to get to know the basics and I would love to learn more about the individual steps of building your RE portfolio from the ground up.