Find some type of private lender willing to do a flexible no doc loan at 50% ltv for them. cons - Given they are a consumer without adequate ability to repay it could be tough2.

Then I'm told by architects that duplexes are built to a different standard than three plexes, like requiring fire escapes, which by appearances change the nature of the neighborhood, often generating opposition.

I hate to say it, but this person has preyed on your good nature and will now become your worst nightmare.Spend the money now to try and avoid a massive problem, but dig those heels in because I think its going to be a long ride.After seeing what you've said, I invite others to weigh in, but knowing what you've just told me, you've got a professional scam artist in your property and this won't end well.

I think part of it is just his nature and the other part is trying to help out the kid with an older and (hopefully) wiser perspective.

There's no such thing as a "natural store of value".

Having a team seems like a naturally good idea in addition to that endless supply of capital.

The first thing I would suggest is finding out if your local association of Realtors has weekly luncheons or anything of that nature.

:P Someone even pitched me on some wonky 1/1 ARM where my rate would drop to 0% for 12 months, then jump to 5.5% unless I refinanced (which naturally they would be happy to help me with) at the 11 month mark.

@Mark DiGioia, the LLC should be adequately insured from a liability stand point.

Other than it being a additional cost to do business and financing being more difficult under a LLC as long as you have adequate insurance coverage there is little other difference.