:Am about to bid on a project larger than my capacity, If I'm interpreting this correctly it sounds like this project is a bit of a stretch for your current bandwidth, if not beyond the ability of your current organization.As an owner, and with my experience with GC's, if a project is larger than what they can handle I would hope there would be a professional courtesy to simply bow out and say you're not able to fulfill the requirements of the project and give it to another group who can do the job to the specs within the budget and allotted time. 

However, Reg D compliance actually protects the issuer as it is a safe harbor, the issuer utilizing a non safe harbor private placement exemption subjects his offering to interpretation by security regulatory agencies.All this is of little concern to the passive participant as long as he obtains full disclosureWhat is of more concern is the licensing, if any, needed to broker, manage, and service notes.Purchase of existing notes, whether residentential or commercial requires no license.

I'm guessing the owner didn't interpret "owner financing" to be "100% owner financing"......if so, I suspect he is dumping a problem.

Take a class or read a book specifically on how to interpret financial statements and relate them to your business.Hire a bookkeeper to do data entry.  

There are regulations that must be followed with all the companies based on their interpretations of the IRS regulations.

I would send notice rescinding both the offer to discount the price(Could be interpreted as an option ) and the 3 month extension of the lease(It is not valid until signed by the tenant and delivered back to you).

The general interpretation is that an IRA and a disqualified party may joint venture under the conditions that: Both parties enter into the transaction jointly (not one buying interest from the other).  

You can tighten up your major expense by getting exact numbers.2) The second error is buying at retail or at least my interpretation of your example is buying at retail. 

I personally don't like QB, but it seems that a lot of people do, that's why I am using them but I am using a VA to interpret all the receipts so I'll simply dump them in an inbox and be done with it.

% Rules are for the lazy, or those that can't analyze or interpret their analysis on their own.