With that said, though, the argument could be made from your potential partner's perspective that you are only deserving of 10-12% interest payments, as that is what is paid to HML's fulfilling a similair role in the transaction.Ultimately, what split structure you decide on just has to be one that you're both happy with and feel like you're being sufficiently rewarded for what you put in to it.

Once your investments provide you more money than you need you then have the problem of finding something fulfilling to do 9-5 anyway. 

But it's the idea that the government can potentially handcuff me, when dealing with tenants who can't or won't fulfill the terms of our contract, that has me questioning.At any rate, I don't plan to sell the rental properties I currently have based on all of this. 

How could you build a business around people promising to pay later, when your entire customer base is people with crummy credit that have a history of not fulfilling promises to pay later?

It depends on your contract and jurisdiction if you can force contract fulfillment or compensation of accumulated expenses in regard to the purchase.

This will fulfill some of the loan requirements, owner occupant, while I rent other(s) units.

His position is still protected since any winning bidder takes title subject to the senior lien and the senior lienholder retains his right to FC in case the new owner fails to fulfill the obligations of the senior lien.

Anyway, I turned it into a Fourplex by adding a second floor and dividing 4 independent áreas (durock walls) with 36 square meters each (With another 16k, 10 year loan at a 11.75% rate at another bank)Each área has one room, kitchen, living room, one bathroom and a laundry place, and since the average rent for just one room in the área is around $160 I´m planing to get at least $280 for each “space”.I already have a trustful architect, attorney, Handy man and I'm still looking for an accountant who knows about RE…I had a hard time with OPAMSS (six months to fulfill their estructural requests), but every single problem came with knowledge.

So, the investor your are wholesaling it to can't go around you unless you don't fulfill the contract by the deadline.

So, they went to an all broker license, but different levels of "broker" and you can not be a broker in charge without fulfilling an experience requirement first.