Of course it doesn't "change" the contract, only puts the assignee in your shoes.

Please don't take that as me piling on, every single person who has ever invested in ANYTHING has made mistakes.However, you are where you are and you have to move forward.First, if I were in your shoes and had to make a choice between paying the mortgage on the house my wife and kids live in verses a rental held in an LLC, the mortgage on the rental goes unpaid.Second, serve her with the pay or quit notice IMMEDIATELY.

The result of subrogation is that the person subrogated stands in the shoes of the one whose claim has been discharged by his performance.

The hardest part would be if the old drain wouldn't unthread from the shoe below due to corrosion but I was able to get it out without too much elbow grease.

Put yourself into the landlord's shoes: He's had a longterm tenant, while he couldn't raise the rents to market levels.

There are others as well like Robert Adams that help with acquisitions.Prices rose fast here over the past two years, but rents have kept pace.

Some of their homes are dogs and they get stuck with them, so it's not all roses.

The difference in this case is that you have the support of many other people who've been in your shoes all on tap for you at any time.

Although your angle is to help out(both them and yourself ;-)) put yourself in the shoes of a pre-foreclosure homeowner receiving tons of marketing mail....Kudos,Mary

Try to put yourself in the investor's shoes and run the numbers on a deal based on the different splits you mentioned above and see if you feel comfortable asking an investor to invest based on those numbers.