@Andrew Ware What @Brian Cardwell said is true but in addition, the reason for doing it this way in large chunks rather than just making an extra $700 or whatever payment each month is that it pushes you much farther ahead in your payment schedule so that each subsequent normal monthly payment is paying more towards the principal and less in interest. if you just make an extra payment here and there, it helps you pay it off sooner, but doesn't save you very much  in interest.I found the company that teaches this, there is a short video on their home page, the velocity banking section starts at about 19 minutes in. it may be worth watching to understand it a bit more.

I subsequently sent agent my pre-qualify letter and proof of funds, and help negotiate price with intention of getting my name off contract and him solely.

Filing, and the subsequent serving on the other party, often gets things moving.The dollar amounts handled in small claims court are small enough {cut off in NB is 12K}, that it is typically impractical to engage council.

If your child LLCs already have operating agreements, you just draw up a resolution stating that the members have changed (needs to be signed by the previous and subsequent members).  

That's doubly true in a market like Houston, where the higher positions are FAR over priced for the subsequent performance increase they give (you can think of this like stock prices - a stock can be for a great company, but can still get far overpriced relative to it's actual value).Anyway, not to bore you with nerdy stuff.

There are other structures where splits shift to 100% to sponsor after the pref to catch the sponsor up before the subsequent waterfall tiers and probably a thousand other structural nuances but a lot of that stuff is just either ridiculous, disingenuous, or downright designed to be confusing so that the investors can't possibly figure out how much the sponsor is getting.

Without getting too political, and to keep it brief, I do not think the bill will make it out of the subsequent committees.  

They'd remove of all the tenants stuff 'carefully stacked on the front porch' regardless of the weather, with a subsequent lock change. 

How do you finance subsequent properties when the bank takes into consideration the borrower's "DTI" ratio?

A claim and subsequent lawsuit are a time bomb for many self-managers, as they assume an insurance company will pay a claim for gross negligence.