Here I'm at expending a 3 days at the Fortune Builders seminar.

This may be silly, but when comparing a SFH to a condo, is it reasonable to consider the HOA fees equivalent to some of the money you'd have to expend on a SFH for maintenance?

My partner and I are looking to expend into STL from the DFW area.Thanks in advance!!

You do need to ensure that once you have your capital expended, that you cancel any outstanding offers that have not been responded to.

As the renovations and cabins have far surpassed what the original estimates were, I have been putting all my expendable personal income into this project.

If the HOA is the purchaser, then it may receive all amounts previously due; interest to the date of redemption (10% if no rate is stated in the association's documentation); costs including attorney's fees; the amount of any subsequent assessment that may have been levied; any sums expended for mortgage payments, repair, and leasing of the property; and any remaining net amount as determined by the purchase price paid by the HOA.If the property was purchased by a third-party investor, then redemption is essentially accomplished by paying the amounts due the HOA (as outlined above) plus the purchase price paid by the investor; the amount of the deed recording fee; any amounts paid for taxes, penalties, and interest following the sale; and any costs incurred in connection with an eviction relating to the property.

When properly established an Operations LLC will hold the liability for the highest risk activities, but doesn't actually own any of your assets and is thus much more expendable in the case of a lawsuit.

I don’t see the sense of one of the partners almost completely expending his personal HELOC while all 3 of the partners are on the hook to make his payments of principal and interest while operating on the assumption that the house could appraise much higher in a short period of time by doing what may amount to putting lipstick on a pig.

If borrowed funds are deposited into an account already containing other funds, the borrowed funds are presumed to be expended first.If borrowed funds from several loans are deposited into an account at different times, the funds from the earliest loan are presumed to be expended first (FIFO concept).If borrowed funds from several debts incurred at the same time are deposited into an account at the same time, the taxpayer can select the order in which the funds are presumed to be deposited into the account.If an expenditure from an account (or from cash not held in an account) is made within 30 days after the deposit (or receipt in cash) of borrowed funds, the taxpayer can treat the expenditure as made from the borrowed funds (to the extent of such borrowed funds).

As you know, realtors do not get paid until closing - and a lot of time, energy, and expertise has been expended long before then on their clients' behalf.