Therefore, we refer them to real estate agents in the area or we proceed with a Novation.If you want wholesaling to be your bread and butter, target as an investor and vice versa.

(Practically, expect an eviction proceeding with this situation, and be pleasantly suprised if it doesn't come to that.)Lastly, make it a point to make each mistake only once, so tighten up your leases moving forward so everything is crystal-clear for the next time.Good luck!

My parents would roll all their proceeds from the 1031 exchange into 75% of the new property.

Didn't do enough research... that was a learning opportunity.I'd say my Bay Area properties are doing well but I do wonder if sold those, took the proceeds how I'd do with stocks.

If common equity remained, they would simply force the sale and receive 100% of the loan proceeds back.

Just curious on how other construction-minded investors are proceeding with their plans.Personally I strongly believe in the Smokies market. 

I'm eager to make informed decisions and ensure all legal and regulatory requirements are met before proceeding.

How did you end up proceeding?

Any one have any insight on if this could pose a problem and guidance on how to proceed? 

Trying to figure out how to proceed I have an SCorp already that was just created, I will have to see if its serving as an LLC as well if thats a thing?