I should also mention that he is a bit older - which could come into play with respect to how he plans to treat the investment.

Overall there isn't any courtesy or mutual respect I expect.What is the ramifications if I suggest to just terminate the lease?

Also, the forums have helped me develop relationships with people whom I respect and can learn much more from.

That's the bottom line, is the consideration given usual and customary with respect to the risks and rewards of the parties contracting to do something?

I am almost doing a JV in the respect I am doing hard money loans with my 401K.

With respect to the carry forward of losses, my accountant did mention that I could carry these losses forward indefinitely until such time my income was below the threshold.

Knowing deep end swimmers in my native profession, I have deep respect for anyone who has spent the time, devotion, self-education and friendships to do that.

Southside - 81st Ohio -> quiet and respectable areaBetter to be safe than sorry ( sole proprietor )

It was a cheaper SFH that I cut my teeth on and now I am no longer interested in that area or demographic.We all remember when we were newbies so in some respect she may be just trying to give you a good start.

Lauren Taylor - Thank you, very sincerely, for your comment - It really is refreshing to get the perspective of someone that's actually been there and actually did get a loan to start their career - I definitely plan to work very hard at it, and definitely plan to succeed - im not gonna try to succeed, I AM gonna succeed - I think saying the word try is planning to fail, that's why I wont use it here - Again, thank you for your comment, and thank you everybody for your comments as well - much appreciation and respect :)