If I am reading correctly, they are simply supplying the money for the partnership. 

If convicted of bank fraud you may be facing large fines of up to $1,000,000 and/or imprisonment of up to thirty years.Posted without comment.Okay, so one comment:Just because someone in your community says it's okay to do, better clear it with the feds first, or you may be talking with them later..This reminds me of a Subto in California that went bad and wasn't handled correctly. 

Hi Stuart, I think you're shining the flashlight on the correct thoughts about these two individuals.

If done correctly it can be very profitable.

I'm new to this, so I am unsure if I am answering your question correctly well there is a few ways you can do that.. and Assignment gives the world notice that you own your % as its recorded at the county recorder. 

Is that a correct assessment?

I can’t r ember where the link is to lists but if you google it it should come up on hud.gov somewhereThat’s correct.

You are correct by saying that you have missed opportunities by being too cautious.

Check with your lender to make sure you heard it correctly. 

Asking in the correct forum will get a better response.Read the RULES!