Real estate transactions can take weeks or months to complete, involve significant legal and agent fees, and are not nearly as liquid.As far as the physical aspect like portability and accessibility: Bitcoin can be stored in a digital wallet, making it easily transportable across borders without the need for physical handling.

I'm a bit late but want to reach out to the community to see what might be my best bets to get my money back (file judgement, etc.).

If you have it in emails etc. you could have a position - but as another poster mentioned, giving up $100 a month in rent to only paint two rooms is very very generous so I can see how they thought there would be more rooms involved.

Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business?

But I am involved more in multifamily and hotel resort investing now.  

Are they given a JV-co-GP position for fundraising or will they be involved in the management of the property?

That’s the best bet. 

I will always take a deposit unless I know the people involved. 

As far as the sale of a property with a mortgage on it, that all gets sorted out at close. ie, you bring your money, the bank gets what they have coming, the realtor gets what they have coming (if there's one involved) and the seller gets the rest.

My involvement in this dispute of deposit money began and ended in those screenshots I supplied.