Now my assumption is that because the property in a developing area it will naturally have a lower risk of A) apartment not renting B) taking a hit on the property value.

Depending on what the ultimate disposition strategy is, California can have barriers of execution as many loans quickly exceed conventional standard loan amounts becoming jumbo in nature.

The militia is the natural defence of a free country against sudden foreign invasions, domestic insurrections, and domestic usurpations of power by rulers It is against sound policy for a free people to keep up large military establishments and standing armies in time of peace, both from the enormous expenses, with which they are attended, and the facile means, which they afford to ambitious and unprincipled rulers, to subvert the government, or trample upon the rights of the people.

I only have about $5k at risk right now so it isn't a big deal, but it certainly IS the city's fault that they can't staff their department adequately to process permits in under 3 months.

It was determined that the LLC would continue with the same managers as the previous year which include: [ #6 - NAME OF MANAGERS - ]The above named persons were approved as managers of the LLC by unanimous vote of all the members.The next order of business was [ #7 - DESCRIBE NATURE OF BUSINESS - ] Upon motion duly made, seconded and unanimously passed, it was voted that [ #8 - DESCRIBE NATURE OF BUSINESS AGREED TO RESOLUTION ADOPTED - ] .There being no further business, upon motion duly made and seconded, the meeting was adjourned.Date: _______________ ___________________________________ SecretaryWAIVER OF NOTICE OF ORGANIZATIONAL MEETING OF [ - NAME OF LLC - ], LLCThe undersigned, being all of the initial members of [ - NAME OF LLC - ], LLC, formed under the laws of the State of [ - NAME OF STATE - ], do hereby waive notice of the time, place, and purpose of the Annual Meeting of members and consent and agree that such meeting shall be held on the [ - DATE OF MEETING - ] .

We don't allocate a specific percentage to repairs and CAPEX - just make sure that we have an adequate amount of liquidity at all times.In the future, when there are more properties, we will break things out more, but at this stage of the game (2 properties, 3 units total) it seems like overkill.

When you get to a management company with a broker, an agent's participation may be limited, depends on state laws as to the adminstrative nature of assisting a broker might be.

Michael, it is simply human nature for one investor to see some massive profit for the other and think, damn, I should be getting this for less.

My thoughts were get the seller to come down on price so I can convert from oil to natural gas and also pass the electric onto the tenants to cut costs.Any opinions on this would be greatly appreciated!!!

It won't work in this incarnation, and if there really is nothing to your idea, it will probably die a natural death and never darken the doorways of your mind again.