If you do this properly, you could recycle that cash over and over while retaining the properties.

But because of a Commitment Letter I signed about 9 days before closing, he's claiming I owe 3 points equaling $14,750, and now even more costs as he claims he will be taking legal action.Admittedly, the letter I signed has only one reference to “Points” which is in this paragraph, neatly disguised in the middle of the document (it did not even catch the attention of my closing attorney):Termination of Commitment: In the event the Loan is not advanced and the Commitment is terminated the Deposit shall not be refundable to the Borrowers and may be retained by [LENDER, LLC] along with the Points that are earned upon execution of this letter as liquidated damages except in the event of [LENDER, LLC]'s default.Then, somehow, the VERY LAST sentence of the letter is this:"By accepting these approval terms, you do hereby agree to pay for all costs and expenses incurred in preparing to close the loan, whether or not the loan is closed, not to exceed One Thousand Dollars ($1,000.00)."

That former member incurs their own liability but the LLC retains it's status just with new membership. 

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

What if you took out a smaller loan for the difference, say $215,000, and created a deal where they retain some equity in the house?

We're not against bringing on a buy-in type partner to raise capital but aren't interested if we don't retain majority ownership.

Retain Records: Keep detailed records of the donation process, including the appraisal, donation documents, acknowledgment, and any other relevant paperwork for your tax records.Remember that donating a property involves several legal and financial considerations.

As a real estate investor newbie, I found a contractor but they are asking for $850 retainer fee and $85/Hr fee before going to evaluate a property I found.

City mentioned that we need to maintain a retainer wall between the houses and commercial. our pad site is adjoining the homes.

The next was some chimney work and redoing a retaining wall.