Pulling the trigger on the first deal is nerve wracking.

There are several methods the court will examine: partition in kind (by actually dividing the parcel into several pieces) or partition by sale (which works like a sheriff's sale). 

I am new to investing as well, in fact I just passed my real estate licensing examinations.

Also, I know the first one is nerve racking, but the only way to overcome fear is action.

If you start lending on more than 6 loans in a year then you would need to examine further options.  

Any regulator type auditor will be all business up front to establish the tone of the examination, like you're in for it, sortta, if you are all smiles and friendly the one audited won't be as forthcomming with a sence of ugency and be as seriously involved, get thier attention.

@Joe Ellis, Real estate is scary, nerve wrecking and there is A LOT at risk, that's why everyone isn't doing it!  

When determining whether services performed by a corporate officer are considered nominal or minor, IRS agents examine the character of the service, the frequency and duration of the performance, and the actual or potential importance or necessity of the services in relation to the conduct of the corporation's business.Example: The officer of the corporation perform only minor ministerial functions entailing a few hours work a year for the corporations.

First, let's examine your initial post.  

Took about an hour.After getting up enough nerve (took about 2 hours), I called him.