Thanks, I was a little shocked given the rather draconian proposals, not to mention the constitutionality questions this obviously implicates. 

Or, (maybe more likely) he's lying and will say "actually, I know a friend who got burnt"Most people...even advisors...don't understand RE or understand what constitutes a 'good deal.'

I even tried filing a claim with their insurance but they said this would constitute a workmanship issue so wouldn't qualify.

Our accountant is saying that the “forgiveness” of the debt constitutes a profit of $100k.

3 bed / 2 bath 1400 sqftPurchase price: $300,000ARV: $360,000Rehab:$0 (let's just assume)Currently Rented at: $1900Cash flow: $830/monthCap rate: 3.3%COC: 3.3%blob:https://app.dealcheck.io/769836dc-6ff9-4d10-bb02-7ac89a49b773Before anyone jumps down my neck, I'll mention that I do realize this would not normally constitute a good deal.

The reasons for termination of tenancy listed in the City of Saint Paul’s Just Cause Notice (Sec. 193.05), and no others, shall constitute just cause under this provision.

So, what things constitute a good rental property?

Also, just giving a price does not constitute an offer in many states.

Participation is also a bit ambiguous, having a weekly conf call with the team regardless of how active could constitute as 'active' participation vs actually running the day to day.

Receipt of such payment shall constitute the SELLER'S sole remedy, at law, in equity or otherwise, for BUYER'S default.