Raising Current Cash Flow to maximize current split by deferring maintenance but harming the long term value of the building.4) Multiple Exit Strategy- If you can't buy your JV partner out in 3 years, what's your plan B & C.5) Buy Sell agreements- If something happens to either of you (illness, incapacity, divorce, death) make sure there are provisions to buy out each others interest ahead of time.

(though for the record, I wish pit bulls no harm whatsoever).

No harm no foul you are good, you get all money owed to you.

Some variables include: lot size lot width front, side & rear setbacks wells septic testing historic considerations endangered species artifacts found on site hazardous substances on site former uses, like gas station, junk yard, etc.

Should the project fail, it can be very harmful to you financially for many years - if not the rest of your life - and extremely inhibits your ability to have future success in the real estate business, or even buying or renting your personal residence.If I understand your post correctly, you can expect ever member of the LLC to be required to be personally liable and financially responsible for repayment of the debt.I would imagine a non-recourse loan would probably have a much higher loan-to-value ration to ensure a safer loan and higher interest rate because of the higher risk factor.Did anyone track how many financial institutions had liquidity problems, closed, or were sold the past 10 years?

@Sam Jackson,It is great you have good intentions to help these people.However, this may be a situation where you could do more harm than good.

@Joshua Dorkin and @Brandon Turner do a bang up job on getting substance from each interview.

Should one or two small investments become challenging, it will be less financially harmful to you and more easily corrected.

Sounds pretty negligible to me.That being said, there's no harm in continuing to call the smaller banks to try and find better terms.

So there's no harm in offering what you're comfortable paying now - the worst they can say is no!