I had already formed my opinion of Goodwill but was lacking a simple, two word phrase.

Of course nowhere else in the country can you expect the equity growth that we have here in the SF Bay Area...I was just saying yesterday and one of my favorite and very appropriate phrases....."

Your phrase "geared towards getting rookies in the door for a free seminar... then attempting to sell a 3 day training that costs $1,000." is one take, with a slight bias on our program.  

If so, and assuming you don't want to spend a lot of time digging up a better deal, go for it.Now, all that said, the way you phrased your question(s) leads me to believe that you probably don't have a handle on one or more concepts:- How to analyze deals- How much you'll be losing to expenses (check out the 50% rule)- How sensitive returns are to changes in investment, income and expenses- How leverage will impact returns- The time value of money (a dollar today is worth more than a dollar tomorrow)I think if you spend a couple weeks reading and getting familiar with the concepts above, you'll be able to answer your own question...

The phrase "Happy wife, happy life" is suddenly rushing to my mind...No but seriously, this something you guys will have to work out together.

., good to know about your letter having similar phrasing.

I had to mull over how the phrasing was in your post @Seth Williams .

I think the RE company made up that phrase in order to make potential borrowers feel secure.

Release of all liens by all contractors and their subs must be granted or you should not enter into the deal.Many don't know this, but in some states, it is actually a crime and the contractor can be arrested for this.As for if this was a real deal or a "dog and pony show" as it was phrased, I am not sure.

Any senior liens will remain in place after the auction.I assume from the way your phrase your question that you're thinking at bidding at the sheriff's auction.