The buyer would need to show solid financials also of course (good credit, experience operating rentals, proof of funds for down payment and adequate reserves to cover any unexpected cap ex).

Ex: payment upon completion of Sheetrock, payment upon completion of tile, payment upon completion of inspections.

It will help you analyze deals quickly but you will likely need to adjust some of the figures such as rent, % towards vacancy/cap ex/maintenance.  

Lawsuits need to name both MI and OP as defendants as they're both complicit on this fraud.For those who are following this saga for entertainment here's an update:"An Ex-Fox News Host Pitched ‘Financial Freedom.’

At first, I would throw all my mailbox $ into savings for cap ex things.

For cap ex, same thing.

Ex.

I have enough personal income that I can pay for cap ex and repairs if I need to (most people can't, and shouldn't, do this unless their W2 income can support it).

Indirect expenses are expenses for the entire property that are 75% deductible (ex: property tax, insurance, mortgage interest).

Whereas the majority of the existing clients have stayed with you, but the whale client is with the ex-partner leads me to believe that if this heads to any type of judicial setting that no damages would be awarded.