After taking procession of a portfolio of assets, they secure the properties, make necessary cap improvements and then resell.The portfolio being offered consists of 35 units in seven buildings.

I'm currently managing my properties via a web based software which will soon be going out of business on March 31.

You can find it on Amazon here: http://amzn.to/Zv0ZphFrank also has another book called '10 Commandments for Real Estate Investors' that I reread every other month or so as a reminder: http://amzn.to/15ikXL0Ken McElroy has two great books on apartment investments and one on property management:The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss http://amzn.to/HdXVf1The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals http://amzn.to/1bcWx50The ABC's of Property Management: What You Need to Know to Maximize Your Money Now http://amzn.to/1d518JKAlso see Ken's BP interview on Podcast 052: Buying Apartment Complexes, etc. here:http://www.biggerpockets.com/renewsblog/2014/01/09/bp-podcast-052-raising-millions-ken-mcelroy-rich-dad/I think these are the place to start, but there's many more let me know if you'd like to see more.

I guess the first questions are 'what management software are you using?'

Apply the security deposit to whatever is damaged.

You will need to secure the hard money.

Then, I would never accept anything other than CASH for the entire security deposit and first month's rent.

Your loanwould be secured by this real estate.

After a stunning collapse on Friday (close to a 50% fall) due to exposure in shaky securities linked to subprime mortgages, it was reported today that Bear Stearns, one of the Big 5 Investment Banks, will be acquired by a dismal $2.00/share by JPMorgan Chase.The deal prices the bank at an almost unimaginable $236 million dollars.

After all the nonsense private lenders dealt the past 5-7 years with second position and being cut out of their money on the shortsale....this security makes them much more comfortable.