So texhnically i peaked it through window and only saw first floor...seems to be ok...Bank proceeded through sheriff  sale (started 2011 and completed in 2014)  and it did not sold and bank WF then sold (march 2016) it to me through auction dot com.I'm freaking out as i have only seen about 1/3  of prop from outside.

March 28, 2016

When I first started I went door to door and delivered flyers myself, it wasn't until later did I learn to simply staple a rubber band to the flyer and make it a door hanger.

I was unable to find this scenario, but if someone is aware of an existing post or can help, I would be very appreciative.Background:-Established an LLC with a partner and bought a single tax parcel of land with 2 existing buildings on the property (1 multifamily building in good shape and fully rented - Building A; 1 in substantial disrepair - Building B)-Financed the entire purchase (both buildings) under a single blanket mortgage secured by all of the assets of the LLC-Worked with an attorney and the city and had the buildings legally separated; No loan modifications were made (or required)-Did a full rehab of Building B and turned it into a multifamilyNumbers for Discussion Purposes: -Building A market value $225K; Tax basis $115K-Building B market value $450K; Tax basis $225K-Blank Loan outstanding $325KQuestion:I now have the opportunity to sell Building B for the assumed market value above.  

Inspired by Brandon's educational and entertaining webinar "How to Find Incredible Real Estate Deals in a Competitive Market" this past Wednesday, March 30th I have created a Public Group on Facebook for Jersey City Landlords. 

I can pay for February and be due for March in April and not be due for May.The equation:=(YEAR(LDate)-YEAR(EDate))*12+MONTH(LDate)-MONTH(EDate)Where "EDate" is the first date in time and "LDate" is the last date in time.As I mentioned above the use of PV is very limited as it presumes that all 12 payments per year are made on time and in full which is not often the case in distressed loans.  

The water damage did damage to 2-3 floor joists, the subfloor in the bathroom and a 6ft section of the band joist which would add about $750-1000 to the rehab budget. 2.

The meetings are run by @Justin B. and the next one will be held  on 11/01/16.

Thanks for the input Daria B. and John Van Uytven.

Signed the last deal done in March, today.