Also the fatal flaw with books is they're written at a point in time, which means they are not necessarily related to today.Still can learn a thing or two, but I would resist the urge to follow the book that hard. 

.- Resistant to price fluctuations. 

The 10 year is going to continue to create resistance in the mortgage/cre field.

I wouldn't get my hopes up as he really has no obligation to, but if he sees a $5K item he can offer and forcing the legal aspect would cost $5K as well, he just might go with path of least resistance...The other aspect is you should 100% figure out exactly what the cost for you to take care of your items would be.

@James Wise #1, I do weeding at my house with a flame thrower.

If you and your family are willing to house hack and use either an FHA 203k or homestyle renovation loan, the path of least resistance with the lowest risk, in my opinion.If you didn't want to house hack you could try a live-in-flip with those same loan programs! 

James I have been flamed pretty bad on this thread on the presumption that I am defending the Sponsor when in fact all I am trying to do is point out to investors in this transaction that actually want to get their money back.. that taking down the sponsor for sure is not going to do that as you note a BK would be the next thing coming and if company has no cash or assets at the time it just gets dissolved and there goes the equity..

@Michael Baum, I could not resist.  

Resist the temptation of a cheap property/market.It's also going to feel like you are not making any progress in the first year or two.

Guys get's into REI, guy does well, guy flips a switch to selling hopeium of REI fortune, everything becomes about selling programs, guy goes down in flames after masses say the hopeium is trash.