Think of all the things that can go wrong and you want a way to remediate it in the JV agreement. we did this once and the partner never started the work after a year so we deemed the note in default and were going to take back the property but they ended up selling another property to pay us off.

two thingsPay attentionBody balanceAnd protandem can't go wrong with these two

I must have a setting wrong, as I didn't get notified by these.  

Apparently it is not as I talk to many investors who invest wrong out of state.

They're just doing it wrong

Although it's wrong, the courts seem to be upholding that misconstrued notion.

Good luck if you decide to do it, you probably can't go wrong either way as long as you can afford it!

You want someone who's been in the business for years, working full time specializing in what you're seeking to do, because if anything goes wrong with the transaction or the house after closing, it can create friction if you think your friend didn't protect your interests.

Now it's true that lead dust samples are taken from the ground, usually around windows, but putting top soil on top of the ground would be the route to go there.

that's the most powerful way to start. period.and there is absolutely nothing wrong with saving - most people can't even do that!