Especially if you look into the new ones like the big Ford F150 Super-ultra-titanium-duty ones that have variable-cylinder engines and whatnot.

Not proud of them, but not ashamed of them either, they are a learning experience of what NOT to do again... at least I took the chance on my dream right?

Time that could be spent reading real estate investing books, browsing forums, going to local meetups and whatnot.  

Not as I plannned but it feels as if I am underestimating what to expect such as repairs and expenses n what not.

These issues will have an impact on what note buyers will buy in the future as with any contract or agreement, if it was created illegally, it won't hold water, that is a real risk to a note holder who buys a note that was made out of compliance or illegally.I keep threatening to write a book or a series on the "paper game", I shyed away as it would be alot of work and I refuse to be seen as some guru.

Since I'm still in my education phase I'm open to most of the avenues of RE but I'm currently learning about buy and hold, apartment buildings and what "note" investing is. 

My best guess is he wants someone to pay cash and not have to wait for loans to be approved and what not.

I just try to let the market tell me what to do and what not to do.I just have a solid game plan ,and goals, along with a exit strategy for this business. 

A profit that survived several market variances, downturns and whatnot.

I had appraisers miss 500 finished square feet before, ignore 10s of thousands of dollars worth of updates and what not.