If the owner is deemed incompetent, any deed transfer would not be enforceable and may be deemed a fraudulent transfer.

It's also based on a tax system that doesn't handle gambling income in a very logical way.Technically, you are supposed to report all of your gambling wins/losses on your taxes.

Keep the eviction process going and advise them that your attorney will charge them civilly, and potential criminally for writing a fraudulent check is a major crime.

When handled poorly (thoughtlessly), it's gambling.

I agree - seems like a gamble definitely not worth taking my friend

I have a property mgr for 10% and have to date not had a vacancy.However, being in commercial real estate, I know there is always that gamble.

It's fraudulent and there are plenty of deals you can structure without resorting to fraud.

What will be considered fraudulent advertising?

Making educated bets is like gambling at a poker table.

Too close to the "evil" gambling and the threat of increased crime (whether true or not, the perception will detract) and any casino workers that want to buy to be close to work will be lower income people, so at best they will maintain market level (but based on my friend's income level, I think they will be a step down).What are BP's thoughts on the situation?