The terms should be based around the difference in funding.And Bill was implying that I was pushing the terms "wet" and "dry" funding.

Because you have an implied business you can be sued for your business activities but may or may not be granted legal standing to sue as a business.An LLC is not just a business entity.

If its month to month, just terminate it ASAP.I wonder if you have created an implied tenancy when you took the $100 for having the new guy there in November.Tough to evict someone on the basis of having additional occupants.

Perhaps I'm reading more into it than you mean, but to me that implies its a pretty shabby building.

If you "buy" it for $800K with $3200 principle only payments (that IS what you're implying with the description above, no interest at all), and are forced for whatever reason to sell after, say, two years, you still owe $723K on a property that's only worth $600K.

And again if you go to court a judge will question why you have accepted late payments in the past as that would imply that you are Ok with accepting payments like that.

Payment in Full and Complete Satisfaction implies you honored your obligation and paid within the terms of the note. 100% of short sales are not performing so for you to require them to put that language in their is asking them to lie.

I don't do anything even remotely unethical, so for you to even imply that I'd have ended up in court "in your yard" is highly upsetting to me.

In a commitment such as this, the words "fully satisfied" are not used, but certainly implied.

That first deal may have been the hardest one.In regards to your question, the suggestion that I keep hearing over and over is “Invest in yourself.†Decide to take some of your profit and invest it back into yourself through training.Take the time to research the training and trainers available out there and pick the one that suits you.