Well I looked into the document and lo and behold it was in the policy.  

He loved my proposal to l/o the house, rehab it splitting costs 50/50 while I lived there rent free during the rehab.

That means (2) people have to get a commission for you to use that Lo at that lender.When you use an FDIC Bank you avoid having to pay points and you get the "PAR" rate.

You’ll be forced to lo the property to start taking minimum withdrawls if you don’t have enough cash in the account.

With single-asset deals that are losers, this option is off the table, if the deal is sold at a loss investors take a loss with no chance of recovery.Just food for thought as there are pros and cons to every structure.The problem with the fund is execution, if they are reckless they could buy it wrong and we have no power to accept/refuse as money already gonewith single asset lo can do very heavy DD prior to acquisition  

Quote from @Daniel Salva: I am considering Bold Deals.

Or sell it out right or sell on contract or LO.. thats the options from my POV

So I started researching books on investing and lo and behold if I didn’t find Rich Dad Poor Dad.

For some grieving takes a l-o-n-g time.

In brief, the concept was to make lots that are City-owned available via a quit claim deed to residents or community groups within the specific neighborhood on the same block in order to stabilize communities through local investment. https://www.chicago.gov/city/en/depts/dcd/supp_info/large-lo...There were a few other historic land sale programs in addition to large lots.