I will ultimately spend $35,000-$40,000 more on finance charges when looking at the total picture (not paying the $50,000+ pre-payment penalty) but was able to complete the transaction with $320,000 less equity.

You as the business owner are ultimately responsible (legally and ethically) for the actions taken under that mantle.As the OP stated, this is a new business relationship, and in my opinion there is much more downside to being laissez faire at this point as opposed to "hands on."

Ultimately, the numbers didn't work.  

Ultimately, it is that value that is securing their loan.

However, make sure they understand that this means each person is ultimately accountable for the full rent amount.

I reviewed a handful of additional calls and came to the realization that we have some work to do on our end.Our ultimate goal is to identify folks out there who have what it takes to be a success in the land development industry and help them achieve their goals.

Ultimately it's important to be accurate, consistent, and in a controlled pace in executing a task. 

Mandatory buyer/agent agreements.All of these things are bad for the consumer, and ultimately good for agents in the long run. 

That’s the ultimate objective of NAR lawsuit.

I ultimately decided to invest out of state where the numbers made sense for me.