I guess that attorney went to the school of 'I sign a quit claim deed and subsequently, I own the property' ;-). maybe you need to invest in a body guard for the judge a few days before the trial.....

Many people mishandled them, subsequently litigious actions. 

It will take about two seconds to find the deed out of you and the subsequent deed out. 

The losses can be banked against future RE profits in subsequent years but that kinda $ucks.  

It is flat, variable, sliding scale?

In my view a Subject to deal is one where the seller must give up certain provisions for subsequent short sale ie the five things above.

Having subsequently built a strong rapport (the best part of the Bigger Pockets community!!)

Here are some highlights from his slide,Consequences and Solutions: BAD: Homeowners staying put for longer period BAD: Home prices outpace income growth … hurts affordability BAD: Slower economic growth BAD: Rent Control discussion Reduce local supply constraints … zoning laws, long permit process Plentiful skilled workers … trade school training Federal spending tied to allow more home construction Opportunity zones … tax incentives to develop and re-developFrom what you said, purchasing value add properties, on the smaller scale, you will be fine.

He kept letting it slide.

Thus, the subsequent sale was invalid and conveyed no title."