I think a lot of the midwest cities will capitalize on that in the coming years with the housing affordability issues the country as a whole has been having.

It appears to be a means to an end and the path of least resistance (somewhat related to number 1).

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

As much as I can I try to keep my clients out of serious foundation repair as it is typically not a one time repair, but an ongoing issue over time. 

This is a trust issue.

What can go wrong, how to prevent those things from going wrong in a JV and tips for ways to solve those problems when they do go wrong.As a JV money partner, those are the most important issues.

Their target audience are professionals with cash don't don't have the time or desire to become educated and are willing to pay/forgo some revenue for a experienced investment relations firm. 

I assume that's because its a relatively cheap project to finish a basement.

Are LPs entitled to see foreclosure, bank loan related docs?

I can so relate with those days!!