My license is permission to "practice law" in a very confined and defined way. 

In such a case, the sales price would remain as was in the contract for sale.In both scenarios above, the insurer does not escape any indemnity, which is appropriate.k, now let’s change the scenario to assume the insured seller already collected the actual cash value under the policy (defined differently in different states, but let’s go with the predominant definition: “replacement cost minus depreciation”) and then sold/transferred the property to a buyer.Is either the seller or buyer entitled to make a claim for the withheld depreciation (the repair or replacement cost of the property) from the insurance company?

Have a detailed profile defining what you are looking for and you might make the connections you are looking for!

I have been in Notes since the middle 80s and will continue.. most real estate transaction have two componants  equity and debt..

Or is this the old "define sale" argument about transfers vs. sales?

Well, you have to define that, I suppose, because there are two. 

An investment with an experienced sponsor can mitigate some risks because you are participating in a larger acquisition than you might be able or willing to do on your own (which gives economies of scale), and you get to leverage the sponsor’s experience, judgement, track record, network and deal flow.But it also adds risks by adding an additional component not present in direct real estate investing:  the investment sponsor.

While I can't provide details yet, I plan to use the Local Public Offering (LPO) as defined by the Final Adopted NC PACES Act Rules.Just a sidebar, the offering that I plan to submit is not directly related to real estate investing.

Yes , they should be insured and carry workmans comp on their employees .  

Also even though you did not "hire" them, a reduced rent in exchange for a service would be seen as an employer/employee relationship in a court since there is a defined monetary value.