Hence I can avoid the problem of being curious about what might be going on but not willing to commit the time to login and then process any new threads.

One of my dads tenants has committed suicide in his rental house.

If so, I would work on rectifying that before I committed to any additional projects.As to the equity in your current rental ...

Mostly so you know what they will and will not fund.Some will want an appraisal before committing.

If you fail to follow through and the state can prove intent then you are committing fraud (intent to deceive and otherwise not deliver what you have promised).If you sell using a L/O and you can not control the property's title then you have another failure to deliver issue.Some deals are fine.

I'm a little new to the game, and just trying to figure out the ins and outs of the process before fully committing myself.

I'm a little new to the game, and just trying to figure out the ins and outs of the process before fully committing myself.

Most of all, I am committed to doing.

I have made a commitment to myself and more importantly to my family that within one year of TODAY, so October, 10, 2008, I will have made my first real estate deal, the first of many.

The "punishment", and its really a penalty not a punishment, is to have the loan called due.Perhaps James' lawyer is saying that by violating the due on sale clause you have committed fraud.