Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

Forward-Looking Statements

This report contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations, estimates, projections and assumptions made by management. We use words such as anticipate, believe, plan, expect, future, intend and similar expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. Our actual results are likely to differ materially from those anticipated in these forward-looking statements for many reasons, including the risks factors included below, but are not limited to the following:

Executive Plan and Overview

Our new business plan entails identifying, acquiring, rehabilitating and renovating value-added multifamily properties in south-central United States, predominantly in Texas, and eventually refinancing and/or selling these properties once they are stabilized and cash flowing. We facilitate the acquisition of each property through a new limited partnership formed by the Company which takes in capital from limited partner investors and in which a wholly-owned subsidiary of the Company serves as general partner. These purchases may be direct acquisitions of the property or via purchase of the first liens on such properties, after which we would foreclose on such properties.

Our President and the new employees added to the Company in August 2009 have successfully pursued this business model in recent years as part of other organizations which served as general partner to property-oriented limited partnerships, as well as the management and construction management company to these limited partnerships. In the 12 months previous to the Acquisition, this team facilitated the purchase, rehabilitation, stabilization, and sale of almost 1,000 apartment units. The efforts of our new team have been a result of a proprietary turnaround model, and has benefited from their relationships with regional lenders, vendors and property brokers.

By consolidating both the ownership (via a general partner stake) and the property and construction management functions within the Company, we believe the Company can offer our shareholders a stake in all aspects of the value-added chain for distressed properties and a benefit to the Company from its participation in providing services relating thereto. We believe the current economic environment offers exceptional opportunities to continue implementing this business model, principally because there appears to be a large and growing supply of distressed properties available for purchase, and a shrinking number of stabilized properties available for sale.

We believe our timing is advantageous to acquire quality multifamily properties with a reduction in new apartment construction, lending institutions eager to remove real estate assets off their books, interest rates at near historical lows and less competition today for the acquisition of distressed assets. In the long term, we believe our business plan will improve our operating cash flows as multifamily fundamentals strengthen from a reduction in new supply, declining homeownership and economic growth.

Results of Operations from Inception (July 27, 2009) to September 30, 2009

Revenue for the period from inception (July 27, 2009) to September 30, 2009 was $10,235 which was attributed to the execution of two Property Management Agreements effective September 1, 2009 to manage two properties consisting of 578 units in Houston, Texas.

Total selling, general and administrative expense for the period from inception (July 27, 2009) to September 30, 2009, consisted primarily of compensation expense of $20,516, professional and consulting fees of $11,326, insurance expense of $4,854 and rent expense of $9,322.

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Other income and expense for the period from inception (July 27, 2009) to September 30, 2009 consisted of interest expense of $916 attributed to the issuance of a $100,000 promissory note and $370,000 gain on settlement of debt.

Net income for the period from inception (July 27, 2009) to September 30, 2009, was $328,550.

Liquidity and Capital Resources

Liquidity is the ability to meet present and future financial obligations either through operating cash flows, the sale of assets, and the issuance of debt and equity. Our primary source of liquidity is our cash flow from operations as determined by rental rates, occupancy levels, and operating expenses related to our multifamily properties.

As of September 30, 2009, our working capital deficit of $202,363 was comprised of total current assets of $37,836 consisting primarily of cash and cash equivalents and total current liabilities of $240,201. We continued to consume working capital in the pursuit of our business plan utilizing proceeds from notes payable and advances from related parties.

We expect to generate revenues pursuant to our new business plan as a real estate services provider and expect to rely on equity and debt financings to fund our capital resource requirements. We will be dependent on additional debt and equity financing to develop our new business.

Our ability to pay accounts payable and accrued expenses and repay borrowings is dependent upon receipt of new funding from related parties, debt or equity financing. Certain related parties have periodically advanced funds to us to meet our working capital needs. The related parties are under no obligation to continue these advances. During the period ending September 30, 2009, the Company received cash advances and proceeds from notes payable aggregating $220,306, repaid cash advances of $7,592. As of September 30, 2009, the outstanding balance of advances from related party was $112,714 and the note payable to related party was $100,000.

Statements of Cash Flows

The following discussion explains the changes in net cash provided by operating and investing activities and net cash used in financing activities that are presented in our Consolidated Statements of Cash Flows.

Operating Activities

Net cash used in operating activities was $119,947 during the quarter end September 30, 2009 with net income of $328,550 along with increases in accounts payable and accrued liabilities of $68,482 offset by a gain on settlement of debt of $370.000.

Investing Activities

During the period, net cash used in investing activities was $52,549 and includes primarily the purchase of furniture and computer equipment.

Financing Activities

Net cash provided by financing activities during the quarter ended September 30, 2009, was $85,000. We received proceeds of $100,000 from issuance of debt to related parties and paid off our long term convertible debt in the amount of $15,000. Net proceeds from related party advances were $97,314 for the period.

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Off-Balance Sheet Arrangements

We do not have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources that is material to investors.

Critical Accounting Policies

Our discussion and analysis of our financial condition and results of operations is based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of any contingent assets and liabilities. We base our estimates on various assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. On an on-going basis, we evaluate our estimates. Actual results may differ from these estimates if our assumptions do not materialize or conditions affecting those assumptions change.

We believe the following critical accounting policies affect our more significant judgments and estimates used in the preparation of our financial statements: