David, and others:If you want to get a much better understanding of this spreadsheet and the overall process for analyzing deals, you might want to check this out:http://www.biggerpockets.com/renewsblog/2010/06/30/introduction-to-real-estate-analysis-investing/

1st paragraph - Thats funny Scott!

It's linked, as well as our one page introduction below.Specifically, I'd like your feedback on:- Is it credible to take this approach?

If you connect with me here on BP, I'll gladly make the introduction.

I tried to break it into paragraphs, but I tend to ramble!

And I am unsure of what you are saying in the last 2 paragraphs, could you elaborate a little further?

I’m sure most of the BP community is familiar with triple net commercial leases so feel free to skip the summary and jump to the next paragraph.

Hi everyone, A few questions, but first an introduction.

Sorry if this has no paragraphs, I am on my IPhone and it seems to always lump together.

That townhome/condo being in an HOA I didn't think there was much difference to what I understood to be an HOA (didn't know there was any difference until James Hamling mentioned it), though the town home and the condo (earlier in my paragraph) operate the same, with an HOA board and a PM to help manage and everything is voted on via HOA or board meetings where there's an agenda.