Illustrating point. 

Please, illustrate the incorrect statements as this may help others- and myself. 

A recent Eight Circuit opinion is illustrative: "We recognize numerous similarities exist between a corporation and an LLC, but Congress is the appropriate forum to consider and, if it desires, to apply the same citizenship' rule for LLCs as corporations for diversity jurisdiction purposes.

Can you share an illustration of this?

It illustrates what I was telling him that “There are many possible ways to handle this but you should talk with an expert lawyer and/or accountant”.I think as he picks a direction this will help him see why he should get an expert rather than just assume the only option is for him to just send money & transfer deed.Thanks.

That said, the fact you are over-thinking it illustrates you need to learn your own landlord-tenant laws like yesterday.

I'm just illustrating my question.Does anyone have the time to pull the raw numbers?

In the hypothetical example I provided, the flip profit was meant to illustrate options and possible consequences should it not come through.

This scenario wouldn't have worked for you because of your additional HELOC cost but the example does illustrate how it's okay to leave some money in a deal.

Only one of them closed, which illustrates to me how tricky these loans can be.