There are currently 10 items, which I affectionately refer to as the "10 Deadly Sins" that if they are included in your Wisconsin residential rental agreement will render the agreement void and unenforceable.In my representation of landlords over the past 20 years, the two most frequent situations in which I have found an illegal provision in a rental agreement were because: (1) the landlord decided to draft his/her own rental agreement and didn't know that Wisconsin law prohibited him/her from including certain language, and (2) the landlord used a rental agreement that s/he found on the internet that was not drafted by a person knowledgeable about Wisconsin landlord-tenant law.Section 704.44 of the Wisconsin Statutes sets forth the prohibited provisions.You cannot include a provision in your Wisconsin residential rental agreement that:1.

I'm pretty sure the numbers all look great for when the project is completed, but then again, I'm just some dude reading the internet and throwing my life savings around like I'm at the roulette table!

But I am not betting on that.

I bet title was in the name of the company and each investor got their interest in a partial assignment.. we used to do 104.1 endorsements. 

I bet you have come close to setting a record for a student starting from scratch and doing 16 deals in 6 months..

So, you can add SEC violations to the list of things he did wrong.Since you now have the notes in your possession and are actively working them, that might have changed now however, I would bet that if you contacted the SEC and told them this story, they would probably take action.

Someone local, who knows the area and how properties move is the best bet for the most accurate answer for you. 

I had one tenant who didn't use the internet, so I had her pay cash at my bank into my account.

(The reason you pay an expert not listen to me or the internet.)I BELIEVE in a community property state you get a 100% stepped up basis.

I agree though with everyone, best bet is to buy him out asap so you can do what you want with it to upgrade it and then decide.