And don't get defensive when someone points out a mistake.

Sorry for the shameless bump, but I will be moderating a panel at the crowdfunding conference in Austin this week and additional commentary on this from our new site members would be useful.

Earnest money is a form of consideration but not the only form.California Civil Code Section 1605 defines "consideration" to be the following: Any benefit conferred, or agreed to be conferred, upon the promisor, by any other person, to which the promisor is not lawfully entitled, or any prejudice suffered, or agreed to be suffered, by such person, other than such as he is at the time of consent lawfully bound to suffer, as an inducement to the promisor, is a good consideration for a promisor.When the Buyer makes the offer and the Seller accepts the offer the Buyer suffers a prejudice.

I have listened to last years BP conference which is AWESOME.I am an outside sales rep looking to try to make some extra cash so I can start creating passive cash flow.The podcast are great and I start every Thursday morning by listening to them on my morning drive.

Even the American Assn of Private Lenders (the organization that Don Konipol and I belong to) is going to cost you a couple grand to go to their events, considering air fare, the conference fees, hotel, transportation, etc, so there goes 20% of your capital.5.

I was on a recent conference call with http://www.rocusa.org/about-us/They know a ton about getting appraisals in your favor.

Also, how "defensible" is the intent were we to be audited?

I'm very certain I've had more students or given instructions to more people than any private music teacher, I know that as my father was a music teacher when I was a kid.I think you just said those who have a gift for teaching others can do so much better with experience in the subject, that's what I was saying as well.Perhaps the flu has you down, get better, but what I said was not directed at you or anyone particularly, no need to be defensive, I left the door open by mentioning the subject matter to be taught.

Don't be defensive.

To make the defense though they would need to deposit all back rent owed.