You probably got the best of both worlds: A cash price, where it's understood that no 1099 will be sent, and an IRS proof expense.My business partner handles this end of the business, and early on, he stressed that I could not enter into any agreement with an individual without telling him/her.

I've seen a lot of Guru's and other programs pushing the whole out of state incorporation for tax and liability protection, but I have never really understood the benefits of it to be honest. 

Further down the contract it states:  It is specifically agreed upon and understood by and between the parties hereto that the Grantee herein shall be responsible for the maintenance and upkeep of the right of way area granted herein.I am the Grantee, I not only have an exclusive easement, but also have an obligation (just not a tax obligation).  

The success rate of second lien default collections can be somewhat understood by virtue of authentic secondary market pricing.  

And understood about the $4,000, I've reread your original statement, and you were clearer on that than I comprehended when reading.

So if I understood everything right, would like to ask a follow-up questions as to - How much struggle was it for to increase the rent?

I wish more principles understood the limitations of what the agents can and should say.

We are 10k above on our rehab so we don’t anticipate getting it all back out even @ 75% but it was our first deal and we understood the risk of potentially having to keep the money in there.

I'm reading it now on the recommendation of Michael Swan I would have never understood that stuff before but I do now!

Once you study them you will see they provide asset protection regardless of if you whole sale, flip, renovate if managed properly and understood.