The sponsor also usually takes a management fee (usually around 1-2%) for running the partnership, dealing w/acctg, legal etc and may also take a fee for finding and vetting the property (acquisition fee), disposition, refinance etc.

In this case Bob pulling his money out before the fund can disposition the default would affect the funds NAV in theory, which in your example would be the $1,019 BOM March.  

At this point one or both of the parties will make claim to the earnest money, the other party will answer the claim, and the court will have a hearing to determine the disposition of the money.To avoid this lengthy process and the associated legal costs, the parties often agree to a split of the earnest money.  

Hey Gary, we acquired on 5/15, and disposition was on 9/24 i think.

- I don't have one yet but I know my disposition is to invest for income streams.

````````````````````````````````````````````````````````````Garn St Germaine(d) Exemption of specified transfers or dispositions With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon— (1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances; (3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) the granting of a leasehold interest of three years or less not containing an option to purchase; (5) a transfer to a relative resulting from the death of a borrower; (6) a transfer where the spouse or children of the borrower become an owner of the property; (7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property; (8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or (9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

Steve, actually let me clarify I'm creating a startup called Seven Times Eight for freelancers, hackers, students, artists & anyone with an independent disposition where they can come together to learn, teach, collaborate, play & socialize.

You could "gift" half to your father, but there will still be a disposition.

I'm no attorney, but you may need to consult with one eventually, but if I were you, I'd start by contacting them to request a deposit disposition.

I get full control of use and disposition of the property and include in the contract the right to assign or sublease the property and the right to sell the property?