Very few deals I see even warrant looking at them for longer than 15 seconds.

This outlook is extremely long term for me, and I do think a mix of both is probably warranted.

Now, this was a guy that had sailed me through a triple year audit, I didn't doubt his expertise, but my returns didn't warrant his attention.

I am together with you in violating the 70% rule when the situation or the market warrants it. :-)

Of course it was a super cold day in the Northeast(low single digits and windy,) and a no-knock warrant was executed- they broke down the door, and dragged out two out of the three tenants(the upstairs neighbor had been roped into the dealing operation.)

I have not lost money on a flip but will admit that on some the profits did not warrant the time or effort.

Get some estimates, maybe it is big enough to warrant a home insurance claim.

Just some advice, we encountered some struggles to get financing due to our condo being considered "non-warrantable".

I've never done a trust and they seem overly complicated since I guess I don't do transactions complicated enough to warrant needing one.Oh, so back to Due on Sale. 

Does your trusted friend have the ability to indemnify you for the money they are holding of yours to the point where their divorce, bankruptcy, outstanding warrant or judgment will not affect your funds?.