Dig a little deeper into other things owned by the borrower, and you might also find that same $1.5m recorded against those other properties as well. 

The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

The news is a helpful place to start, once I see a lead like that I like to dig a little deeper and evaluate the prospects for myself, was curious if anyone ever did this and how they went about it.

I'm going to dig a bit deeper into SDIRAs to see what my options are if I transfer the funds out of my 401(k). 

It makes sense in that if you dig a hole in the side of a hill and not replace the support, then it could slip down hill.

My husband just wants to dig a trench in the middle of the yard that I guess leads to the neighbors.

Here it's cheaper to connect to city water and sewer, if you have to dig a well and build a PWS its usually about 30k. 

If you are looking for a specific area in Colorado, we can dig a little deeper in specific neighborhood and opportunities.

For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

Just dig a little deeper on them and you'll normally find these problems