VS the person who used that $350k, putting $100k down on 3 properties, $50k sitting in contingency.

I would like to sit down with him and ask him why it is so much higher than what we thought the final bill would be.

Sit down with them, express your interest, and ask how you could partner together to learn the ropes and dip your toes in the water.

Depending on the location, you are probably sitting on a solid equity position.

Hi Bob,The response depends on the interested party sitting on the other side of the table.

(I'm an estate planning lawyer - not an insurance agent).That being said --- you really need to sit down and understand your goals before you get advice on what vehicles you want.Insurance people will tell you insurancelawyers will tell you to set up a ton of LLCs and trustsNone of these are correct if your goals don't align. 

We also had an iron tub in the front yard that my mom would fill with water and put black plastic over to help warm the water, then a little hot water from the wood stove, and we would take turns bathing in the great outdoors.Rough stuff, but I don't recall ever being unhappy at that time.

If you aren't paying attention to your rental comps, your property will sit. 

Those sit in 2nd lien position like a 2nd mortgage or again a personal loan for the 15% down payment (no lien or property required).If you want to talk about this in detail I can offer some clarity just reach out or message me I am always happy to help.

The newest details I learned recently are:- They have until the 1st week of June to bring the loan current- The mother recalls going to a bank with her husband to sign paperwork years back, however that bank has since been bought out and she's saying the new bank doesn't have any record.