This is element #1 of my strategy - leverage an existing track record.During our call, I pitched him on me bringing my skills (general business management and marketing/advertising) to the table in exchange for the opportunity to use them - i.e. he would enable me with his skill set and I would help him to scale, using his track record as a springboard to craft a win/win situation.

All investments carry an element of risk, NPN carry a moderate to large amount of risk.  

I see this parking spot as a common element-part of the property but deeded to no particular unit, so not a limited common element. 

This month, AVID Investors meets Wednesday, May 18th and the topic is "The Most Important and Forgotten Element in Real Estate Investing."

It is not a new concept by any means and the best facilities include the social element.

The key element is that you must have a Qualified End Buyer under contract at the time the loan is made. 

See below, the contract reads  "  ... by one or more licensed or certified inspection services: home, radon, environmental, lead-base paint, lead-based paint hazard or wood-destroying insect infestation." 

Department of Treasury with usc exceptionState Tax LienLien by USA or Dept of JusticeUS Department of StateOther Federal AgenciesFrequent Superior Foreclosure-Liens:Code Enforcement for debris removal or mowingDemolition or Environmental Based Liens State child support lienBoard of County Commissioners for special assessmentsUtility LiensWater/Sewer Delinquency (only in selected states)County (and/or School/Township) for unpaid taxesCity for road improvements, maintenanceHere are some of the judgment and liens that will be wiped off from the property (not the borrower who lost the title) if the lien holders were properly notified and "had the right to bid on the property at the auction":2nd and junior position mortgages, such as home equity loans, etc...Credit Card Judgments recorded after the foreclosing mortgage Personal Judgments recorded after the foreclosing mortgageMechanic's Liens recorded after the foreclosing mortgageOther Judgments outside of the ones listed above  

@Andy K  Here is a very good reference from the Environmental Protection Agency.  

If not, here is a link to the Landlord reporting form: http://www.maine.gov/dhhs/mecdc/environmental-health/rad/radon/documents/LANDLORDS%20REPORTING%20FORM%20FOR%20RENTAL%20TESTING.pdf which you will need to complete and return to DHHS Radon department.