My plan is to figure out exactly what I need to do to make sure I do not participate in any shady activity and tell the son it is this way or the deal is dead.

Yes, if the borrower had made threats to the lender (which would have been recorded as all institutional lender's phones are tapped) then the lender would have cause to  ask for a restraining order.

Just wondering, Isaac...do you know if they made a full court press to participants to increase credit card limits?

You also need to talk to financial institutions regarding Hard Money Loans.  

The UBIT would apply as Mark mentioned if there would be equity participation, but this doesn't seem to be the case, right? 

I want to be an active participant in a great community.

Should I look at institutional investors to get a short term loan for the entire balance and then refi that amount later with a bank?  

http://news.investors.com/ibd-editorials/010716-78...The above article explains a new program Fannie Mae will be instituting that allows people to come together (whether related/living together or not) and pool "income" amounts to qualify for mortgages.The article poses the idea that this is what called the mortgage crisis and huge increase in foreclosures across the country from 2008.

(you get what you pay for, in other words) So Fl is considered a core market now to many of the institutional guys, so that rolls down hill and puts pressure on all asset classes and sizes.  

I'd encourage you to jump in and participate on the forums, answer posts etc.