This partner wants out, the only problem with buying him out is that if this development does not succeed and the bank does foreclose, he will no longer have any liability for a subdivision that failed due to his mismanagement.They could buy out his equity/partnership interest without altering his liability on the bank debt.

Being under capitalized, intentionally or not, being under insured, acting as an alter ego.

Even if tenants have documentation their credibility comes into question when the document appears altered or change etc.

I thought I was pretty sure on the name but the more I keep looking at it the more I think it should be slightly altered.

Since i'm relatively new i'd like to remain a wholesaler for at least a year, and have my busi...

Translated, that means for a house with a $200k ARV you can get a loan up to $160k.

You probably have something in your rental agreement about no changes or alterations without landlord approval, so you're in control here.

You could alter your PP and work out some sort of arrangement with the HOA to see if they will reduce the fees and that will reflect in your PP, or you could leave it up to him. 

How this translates is this, if you insure for less and they deem you are 30% under-insured, based on their Co-Insurance Requirement, then they will reduce your claim by 30%. 

For me, it substantially altered the numbers and I passed on making a new offer.  

Translation:  He got into something and found way way more repairs than he wants to deal with.