Hi SteveThe management rights that i am refering to are of the lease hold typeMainly residential units that i was looking at Some that i saw for sale / lease had a managers unit attached as part of the priceThere were some that worked on a caretaker basis and you don't live on siteI hope i have explained myself a bit betterCheersmicman

Thanks for that Elka

That brings me to the next questionwith a line of credit say i had 50k  equity for example would the bank lend me the  50k to be drawn down at my discretion and only charge  interest on the drawn amount I:E say 25k or is interest charged as soon as the loan is approved on the whole amountHope this makes senseThanksmicman

Hi TerrywCould you please explain what cross collateral is Thanks micman