This was because John was a real estate broker.John showed me some sort of award placque that president Bush had given him for making some significant number of people millionaires through real estate.

Home to The Ohio State University with nearly 60,000 students, 5 fortune 500 companies, over +25% population change since 2000, 2016 smart city challenge award winner gaining 50 million dollars in funding from the government ( https://www.columbus.gov/smartcity/), Intel is spending 20 Billion dollars to build two semiconductor plants, and many many more great things presently and coming in the future.

So after you think all is in the clear bam the court date arrives and the judge awards them a judgement from you of 12 months worth of rent.

Home to The Ohio State University with nearly 60,000 students, 5 fortune 500 companies, over +25% population change since 2000, 2016 smart city challenge award winner gaining 50 million dollars in funding from the government ( https://www.columbus.gov/smartcity/), Intel is spending 20 Billion dollars to build two semiconductor plants, and many many more great things presently and coming in the future.

If I understand what I’m reading here about MICHIGAN law correctly: 1) the court can charge my LLC with paying the damages awarded a plaintiff. 2) the plaintiff is only entitled to distributions from the LLC. 3) this does not deprive me of any exemptions the LLC enjoys. 4) the plaintiff does not gain membership to my LLC or deprive me of membership and my rights therein. 5) the charging order is a lien that cannot be foreclosed on. 6) this is the exclusive means a plaintiff has of satisfying a judgement against my LLC.Sounds like the same protection you would enjoy from Wyoming.

Others might be sale of another property, appraisal at or above the purchase price, specified repairs being completed prior to closing, etc.Lucky for the wholesaler (or anybody else who defaults on a valid, enforceable contract) that the liquidated damages clause LIMITS damages that can be awarded to the seller. 

Usually, it's best to just get that quote from them right there on the spot, that way you have your numbers but then, if you're planning to award them the job, send them the price they gave you and ask them to put it in a formal quote so you can see everything they are including in the price. 

The plumbing was supposed to be done by a licensed plumber (I didn't know that).The judge awarded me $7,500.  

Is there a post that explains the awards?

You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile.