Date: July 8, 2004

To: Mr. David Medendorp

From: John and Nicole McKelvey

RE: 81 Hamilton Street Purchase

Dear David:

We just wanted to write you and say how much we appreciated your professionalism, honesty, and good advice during our recent purchase of the Hamilton apartment Building. Being from out-of-town, and making an investment in Muskegon, we feel we were very fortunate to work with you on this purchase.

Your intimate knowledge of the Muskegon market, and the promise of opportunity that Muskegon holds, really helped us feel comfortable with our investment. You also offered good advice on everything from financing the purchase to improving the property, which will help this be an excellent investment for us for years to come.

Finally, David, we really appreciate your honesty and up-front nature during our purchase. It is clear that you have a strong faith, and we really think that shines through and allows you to be very fair and honest to all parties, which allows for a win-win situation for everyone involved.

David, thanks again for all your help during our purchase of the Hamilton apartment Building, and we look forward to working with you again in the future!

Sincerely,

John & Nicole

John & Nicole McKelvey

Ann Arbor, Michigan