This report shows the results of a projected sale of the Los Amigos Apartments on December 2021 which is 10.00 yr. / 120 mo. from the date of acquisition. The Sale Price of $2,145,390 is projected by using the Sale Price Method Capitalize Current NOI @ 10% Net Cap Rate.

Sale Value	$2,145,390
Closing Cost	($150,177)
Loan Repayment	($1,127,631)
Sale Proceeds Before Tax	$867,582

Proceeds for Distribution at Sale (Sale Proceeds & Remaining Working Capital)	$886,575

Proceeds Distributed To Members at Sale (69.9%)	($619,746)
Group Member Proceeds (per Unit) at Sale - Number of Units Issued 35
Group Member Proceeds (per Unit) at Sale Before Tax	$17,707
Group Member Proceeds (per Unit) at Sale Taxes	($4,043)
Group Member Proceeds (per Unit) at Sale After Tax	$13,664

Sale Proceeds Distributed To Manager (30.1%)	$266,829
Managing Member Cash Flow Proceeds at Sale Taxes	($60,269)
Managing Member Cash Flow Proceeds at Sale After Tax	$206,560

Distribution at Sale Assumptions (paid in order shown)

Any arrearage for the Preferred Return of 5% is Distributed To Members, then
The Preferred Return of 5% is Distributed To Members, then
100% of the Total Initial Investment ($350,000) is Distributed To Members (Repaid), then
50% of any remaining cash is Distributed To Members, then
The remaining cash is Distributed To Manager