Not sure if Pace does big events like this but he certainly sells his info and his timing was perfect for SUB to  rates rose and it was a perfect pitch for him at the time.Just like when I started in RE in 75 by 79 to 90 when rates sky rockets sub to or owner finance or wraps of our properties were 80% or more of the transactions..

Yeah, it is based on the state's regulators.

Do you consider worst case scenario and base your potential offer based on this? 

It's how I've maintained a perfect bond rating and managed my business with the CSLB>I've read many of your posts and am aware that you feel that you can decide when you want a permit or not  I would word it differently.  

Chris summarized it perfectly.

I would venture to say the perfect answer for this truly does not exist. 

The state will get its pound of flesh and my liabilities were better managed by executing perfect permitted work and excellent insurance.I'd sincerely recommend having a savvy CPA, Lawyer & Insurance broker.

My proposal is to do the following:1) Create an LLC in which my partner and I are both owners/operators2) Have the title of the property put into the name of the LLC via quitclaim deed3) Have the Operating Agreement of the LLC outline ownership based on shares ownership model.

Avoid basing it on uncontrollable factors like taxes or insurance.

If you have a perfect closing and first 3 months your dreaming Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?