So, discussing "no debt vs debt" in a discussion about "more debt is worse than less debt" is just a red herring.You can't borrow your way out of debt.In a strictly literal sense, that is true.

If I understood you correctly you are just describing the property that is currently on the lot - this does not mean that the lot was zoned strictly for multi-use.

My strategy is strictly buy and hold in appreciating markets so I can be a bit liberal with my COC %.

All that is required is your willingness to invest this money for him in a highly lucrative business venture under strict profitable monitoring.3.

Rob K - Are those types of deals strictly cash-and-carry, or are you tapping into bank or private financing of any sort.Yes, great deal by the way.

Contract Law 101No contract exists without consideration from both parties.Legal Elements of a ContractThe essential elements necessary to form a binding contract are usually described as: • An Offer• An Acceptance in strict compliance with the terms of the offer• Legal Purpose/Objective• Mutuality of Obligation – also known as the “meeting of the minds”• Consideration• Competent PartiesConsideration is an essential element of any valid contract.

Strictly offer monthly cash returns of 30%-50% and also offer a short term option of say 3-6 years where I will proceed to buyout his/ her portion of the property (in this scenrio 75K)and also potentially offer a % appreciation of the 75K (in this deal the investor walks away with monthly cashflow returns as well as a variable appreciation return on his principal amount)Just some thoughts I have in my head.

However if you are not going to be living there and its strictly an investor's purchase then conventional lending is very likely not an option and you will need to seek hard or private money to finance the purchase then do that and secure the verifiable proof of funds first.

The laws are likely strict to avoid any issues with favoritism.

The difference between John and myself are a bit stark...You see I am a strict teacher, ex Marine, taught Chemistry and Public Speaking in HS and college, really not THAT funny, and John is my opposite, he actually cracks himself up on a daily basis!