Things like your vacations, entertainment, toys, food, clothes, housekeeping, pets, guns etc.

Food for thought if anyone out there is planning to do this as well.

The key rules are as follows:1) Syndicator MUST have significant skin in the game, including 10% of the money raised in the first deal, 8% of the second, and 3% of the third2) The only fees allowed are 5% of revenue for property / asset management, which is enough to put food on the table, but not incentivize people to just buy, buy, buy3) The only compensation is 20% of the profit (less on the first 2 deals)4) Rapid acquisition is not allowed. 5% Is minus all operating cost correct ? 

Too much of our food is coming from Mexico, not only fruits and vegetables but also beef.

Just some food for thought.Roger So if I bought one for $7,500, and it probably needs a few thousand dollars of work (more than 1, less than 10).

Things like your vacations, entertainment, toys, food, clothes, housekeeping, pets, guns etc.

Its the less aggressive model but it was programed into me from a young age, keep your business risk separate from the things that you need to live (home, car, food, etc.). 

They started trading hand written IOUs for food.

If they all pack in, it will be a huge loss for us but we won't go without food.

Yes, a contractor can put a mechanic's lien on your house, but that is little recourse to putting food on the table.As a former subcontractor, I usually requested a deposit on larger jobs, $10,000+, on little stuff I wasnt as worries about it.