It's a technicality to be sure, but legal.

If that language were there, yes, technically rent would be due on your part, but it would also contradict what he says above.Bottom line, I don't think you owe this landlord any more rent.

It's not turnkeys specifically that are passive investments, it's technically rental properties in general.

Until then you don't technically have an operating business.... just an expense.

Now technically, you get the judgment against them, but now you have to go get the legal process started again to collect that, even if you can find them, and even if they have the money to pay you.No doubt, NEVER turn off the utilities.

Of course, this defeats the general purpose of "wholesaling" with no money...Either way, with your new license, you can technically open your own shop.

But again, if you haven't studied engineering you don't know, but there are NO electives in the program other than your technical electives.

It wouldn't technically be a cash-out refi since you have no current financing, hence you wouldn't be RE-financing.Is this correct?

Well, the technical definition of a HML is one that lends solely based on the value of the asset and not the borrower.

The seller doesn't want to take a buyer and have the property locked up and they do not perform and back out on a technicality in the contract.