It also includes any intentional act or omission that may cause a financial loss to the lender (a loan that is made and then upon discovery of certain matters the loan is no longer marketable as intended can create such a loss) regardless of such a loss being suffered or intent of a borrower or their awareness of such a loss to some extent, depending on those circumstances.

Late actor Joel McCrea purchased plots of land in S CA on the recommendation of Will Rogers during the 30's and 40's.Ever heard of Thousand Oaks??

Your back story is inspiring and I know that if you just stick with REI through good times and bad you will one day open that candy bar and find that golden ticket. 

Owners don't always give them out like candy, it is proprietary information, so don't be surprised if they ask to see something like proof of funds, a pre-qual letter, etc. before they do.

is he in foreclosures or tax salewhy he is selling, make sure you get the real reason (often the seller will tell something that is not their real motivations, you need to dig to get the REAL reason he is selling)what's the rent, what do the leases look like, how long have the tenants been there, when does the lease expire, what type tenants was there in the commercial space  (their business)what is the highest and best use of the property, can the zoning be changedwhat's the potential for a change of usewhat is the condition of the apartments, are they quality tenants, how long therehow much contract candy (incentives) can the seller provide; seller financing, can add (stuff - a car, truck all the good stuff in the buildings, contribute cash to buyer at settlement, possession with a delayed settlement, principal only payments on the seller financing- that is no interest)After I feel comfortable with his answers and I feel he is being truthful with me and that I understand the property and his motivation I may consider making an offer.My problem is that I am involved with his problem and I don't want to make a mistake!

Hey Everyone,After listening to the podcast for a couple months I finally became a member of Bigger Pockets and it's really inspired me in a whole new way.I'm from Philly yet have been living in Los Angeles as a working actor for the last 14 years.

IN THE PERFORMANCE OF ITS OBLIGATIONS UNDER THIS AGREEMENT, THE HOTEL MANAGER PARTIES SHALL NOT BE LIABLE TO OWNER FOR ANY ACT OR OMISSION OF THE HOTEL MANAGER OR ANY OF THE HOTEL MANAGER PARTIES, EXCEPT TO THE EXTENT ANY CLAIMS ARE CAUSED SOLELY BY THE WILLFUL MISCONDUCT OF THE HOTEL MANAGER OR ONE OR MORE OF THE HOTEL MANAGER PARTIES.

At a minimum, you need to call and mail out to your 300 closest friends/acquaintances/relatives/whoever, plus order 2000 business cards and start passing them out like candy. www.Retechulous.com (Josh Schoenly) is an agent marketing company that I've heard good things about (and no, I have no connection to them whatsoever).Might also want to google "real estate agent forums" to talk to rank and file agents, though 99% won't know crap about investing, if that happens to be a particular interest of yours.

The truth is in any industry we have bad actors and wholesaling is one that gives a person the opportunity to be dishonest or they are ignorant.

The big dogs are wrong a lot--sure-- Zillow was a lone actor in their, more or less, market scheme that didn't work.