1. HJ S Properties 717 West Main Street, Ashland, WI Apartment Inspection Report - January 2012 Complete by Richards Management – Donald Richards CEO

2. Apartment #1 – Vacant 1 Bedroom $440/month Replace Countertop Replace Countertop/ cabinet/ sink/faucet/add upper cabinets – interior rust Replace Windows Repair/Replace Plaster – Many Areas/ Fresh Paint on walls and ceilings Replace Refrigerator Replace Kitchen Floor Coverings Replace Tub New Toilet seat– Replace Bathroom Floor Coverings/Subfloor (if needed) Repaint Bathroom Walls/ new medicine cabinet and light fixtures Replace entry door Mastered locks New sink and vanity

3. Apartment #1 continued – Vacant New bi-fold doors Replace Windows Repair/Replace Plaster – Many Areas/ repaint including radiators Replace entry door and mastered locks Replace bedroom Floor Coverings New carpet in bedrooms and living rooms Replace or paint kitchen cabinets as needed

4. Apartment #2 – Vacant 1 Bedroom $425/month Replace StoveReplace entry doors with mastered keys/new locks Replace Countertop/sink/ faucet/ replace/paint cabinets as needed Replace Window Replace or Repaint and repair cabinets as needed Replace Refrigerator Replace Kitchen Floor Coverings Re-calk Tub and replace tub surround Replace Bathroom Floor Coverings/Subfloor as needed Repaint Bathroom Walls Replace sink and vanity /medicine cabinet and light bar

5. Apartment #2 continued – Vacant New carpet in living room and bedrooms Frame in/insulate and cover sky light Repair/Replace Plaster – Many Areas/ Fresh Paint Medicine cabinet/ light bar / sink and vanity Replace broken or missing hardware where needed replace all light fixtures Repair Toilet – Replace Bathroom Floor Coverings/Subfloor Repair/Replace Plaster – Many Areas/ fresh Paint Repair or replace bi-fold doors where needed

6. Apartment #3 – Vacant 1 Bedroom $450/month Replace Countertop Replace Window Repair/Replace Plaster – Many Areas Replace Refrigerator Replace Kitchen Floor Coverings Replace tub surroundRepair Toilet – Replace Bathroom Floor Coverings/Subfloor Replace Bathroom floor coverings

7. Apartment #3 continued – Vacant 1 Bedroom $450/month Replace Countertop/ kitchen floor covering Replace all entry doors with mastered locks Repaint/ replace kitchen cabinets as needed replace all light fixtures New carpet in bedrooms and living rooms Paint radiators if dirty Replace Bathroom vanity/ sink/ medicine cabinet and light bar

8. Apartment #4 – Vacant 2 Bedroom $525/month Replace Stove Replace Countertop- stained Replace CountertopReplace Window Repair/Replace Plaster – Many Areas Replace Refrigerator Replace bathroom Floor Coverings/ sink/ vanity/ medicine cabinet/ light bar replace tub surround/ shower head Replace Toilet – Replace Bathroom Floor Coverings/Subfloor Repair fan

9. Apartment #4 continued – Vacant Replace interior doors where needed Replace all light fixtures Replace or repair bifold doors where needed Replace bedroom/ living room carpeting Replace Bathroom Walls Paint radiators as needed if unpresentable repaint ceilings

10. Apartment #5 – Vacant 1 Bedroom $480/month Replace doors with mastered locks Repair/Replace Plaster – Many Areas/ fresh paint Replace Refrigerator Kitchen Floor Coverings ok Re-calk Tub Toilet ok New medicine cabinet and bathroom door change locks on existing door Paint radiators to match if unpresentable Kitchen cabinets ok/ new faucet in sink. Replace windows

11. 717 W Main Exterior Pictures Replace Stairs to back door Clean up outside of building to increase curb appeal Replace exterior door to basement Replace siding on exterior Paint radiators as needed if unpresentable repaint / new siding on exterior