This is my concern and although it does not affect me personally, it does in a way because it potentially negatively affects innocent individuals, religious organizations and non-profits.Here is a link to back up what I have stated:http://www.npr.org/templates/story/story.php?

How much you need will depend on the circumstances surrounding the particular property you are buying.Once you get the property in operation and stabilized, your reserves will build from the monthly operating expenses.Good Luck,Mike

You group organizer needs your support please get in touch with them at your groups page.Here is a Press Release you can edit and send to ALL the local media in your area.

You can look at what similar buildings went for via the price per square, but it's true valuation stems from the NOI (Net operating income).If the gross rents are $3k monthly and the lease is a NNN, then your only expenses are accounting, legal, administartive, entity formation, and PM if you choose to use one.Assuming the total operating expenses come to 20%, your NOI= $28,800If the going cap rate in that area is 10%, then the value is $288,000If the going cap rate is 12%, then the value is $240,000.$3 per square NNN for industrial is pretty cheap, although I am not familiar with your area rates.

Books will be more complete and more organized than what you can find here, and having a good background will make it easier to follow some of the discussions.Be careful, there are many many people out there who would be happy to separate you from $500 or $1000 for a "home study course", $3000 for a "boot camp", or more than that for "mentoring."

To determine the NOI, you need to know the operating expenses.

A book or two will present background information in an organized manner.Short sale is getting a lender to accept an offer for less than the owner owes on the property.Preforeclosure is that period of time from when a notice is filed by the lender that a loan is in default until the sheriff's sale happens.

You want to have both a checking and savings account open, (though the balances have no bearing)Other than diversification and organization... time and punctuality will increase your score...

BTW, I've skied at several Intrawest resorts, but I've never known them to operate any condos at the resort.

Reminder: This ends tomorrow (Dec 31).For more detail on what is included at no charge (quite a bit -- name check; filing; bylaws / operating agreement; share/member certs; QuickBooks Simple Start): Check the biggerpockets classified:http://www.biggerpockets.com/forums/53/topics/26064-free-llcs-corps-from-intuit-s-mycorp-ends-dec-31-?