I was thinking of using a buy and hold strategy or wholesale primarily in Greensboro, then hopefully expanding from there as success/failure and confidence grow.

ROBS stands for rollover as business startup.Over 20,000 ROBS have been funded to date and fortunately the IRS has published guidelines on ROBS.October 2008 Memorandum:First official publication where the IRS formally addressed the ROBS arrangement;IRS confirmed that these transactions may be not challenged as “non-compliant per se”;IRS summarized the steps involved in the ROBS transaction; andIRS identified compliance pitfalls including the failure to file the annual retirement plan form 5500 tax return, the failure to file the corporation’s tax return, & the failure to obtain an annual valuation of the plan’s assets including the investment in the corporation stock2009 - ROBS ProjectIn 2009, the IRS initiated a “ROBS project” to define traits of compliant ROBS plans and in doing so acknowledged that a ROBS transaction can be conducted in a compliant manner. 2010 – IRS Telephone Forum In a 2010 telephone forum conducted by the IRS, the IRS’s Director of Employee Plans Examinations Office and the Area Plan Manager stated that ROBS transactions are not “abusive per se” and that “you can have a textbook ROBS that is pretty much problem-free.”Fall of 2010 Retirement News for Employers: Brief SummaryThe IRS confirmed that the ROBS transaction is not considered an abusive tax avoidance transaction;The IRS confirmed that it does not protect business owners (also known as the plan sponsor) from incorrectly administering the retirement plan;The IRS confirmed that if the rules are not followed the retirement plan will be subjected to adverse tax consequencesFebruary 2013 Employee Plans Compliance Unit ROBS Project: Brief SummaryMuch of the same information contained in the October 2088 Memorandum was published in this summary; andThe IRS again confirmed that ROBS is not considered abusive transaction.

It affects your judgment and clear thinking and makes your more short term thinker, which often sets someone up for failure.

An assessment for failure to complete is not always appropriate, such are generally used for larger jobs.

Depends on circumstances, allowing trash to accumulate, tearing asunder or failure to maintain is an issue where notices to cure the default in keeping with the terms must be given and after several occuarnces the owner could have grounds to terminate.

Love to hear stories of past successes (or failures) with basements!

Stated in the least that failure to pay would result in a violation of the lease and eviction.

Retaining walls are one of the highest causes of litegation in the AEC world in regards to structure failure/distress.

The one fail was my own fault and the result of me accepting failure.

Just look at the failure of the USSR.