$390000 / 4000ft² - CAP RATE : 18% HIGH RENT ROLL*$7K*-(2)COMMERCIAL/(4)-3BR Building (ESSEX-Bellville-bloomfield) 25-27 BROADWAY 0BR 4000ft2 apartmentMix-use Building for sale broadway/Bloomfield Ave Area 4 apartments & 2 Stores.

I am sure someone with more experience can provide more info, but here is a start.The information I kept was: - original signed application & lease (tenant received copy) - signed completed move-in checklist - records of exact date and payment amount from each tenant - signed complete move-out checklistI kept all this information for several years after the tenant left to property.Having learned more since that time, I would also keep - records of all maintenance requests from tenants - records of exact date and payment for all maintenance items

Writing checks for the exact amount is important, writing a check at a grocery store for ten bucks over the receipt is an issue, where the cash goes in your pocket, besides the issue of showing the business purpose of things purchased at a grocery store.I know of one LLC that failed meet the test since the minutes of meetings were never kept or any record of meetings authorizing activities.I would think that any attorney drafting an LLC for a client would run over the these issues with their client.

@Brenda SacchettoI have a real estate store in Orange with counter service (Corner of Tustin & Meats) come in or call I'd need the address to pull info and guide you from there.

Make a detailed list of everything that needs to be done and get pricing for each item.

We need more detailed drawings for which we have a guy who has worked with the city before ready to go.Project ManagementRight now we are using a share reminders list for iPhone, Dropbox to share all files, and Excel to track expenses and action items.

There are lists of other items on other threads that you should include in your DD.

Most lenders can’t qualify borrowers because of so many new compliance-related items that come up during the underwriting process.

The longer you go not purchasing items frivolously, the easier it becomes.Brianna, I agree.

Section 1 items to be cleared and any Section 2 items that may be a health and safety issue are also to be cleared, otherwise property is ineligible for financing.and...10. 1004D: WATER HEATER DOUBLE STRAPPED IN UNIT C/AIR CONDITIONER FASTENED IN WINDOW IN UNTI C OR REMOVE AS WINDOW DOES NOT CLOSE / FLOORING INSTALLED IN BEDROOM IN UNIT C, MOLD REPAIRED IN UNIT D.