Is there some way that we can do a sliding scale where it starts at the point we think is a reasonable finish time (maybe 3 months) around 50/50 split and then the longer it takes it goes more toward his favor (maybe moves to 45/65 at six months)?  

I subsequently weathered the recession and went on to acquire additional properties.In the final analysis, if I had known about BP, I probably would not have paid for the LU program.

As mentioned above, typically when a junior lien forecloses, any surplus goes to any subsequent junior liens then to the owner. 

I did not pay subsequent taxes and it was sold on the next tax sale to another unsuspecting tax  deed buyer that bought it for far more than I paid for it.I was also close to buying another piece of property and i was willing to pay  over $250,000 but I found out that it was given as an easement to a conservation society. 

@Francois Guerrier This is a polarizing question and subsequent conversation.

I hear ya.What you have to watch for is if that leads to complacency and people slack off on their due diligence, let code issues slide (until the inspector calls 'em on it), don't plan for asset protection (until the lawsuit hits and then it's too late), ...Actually, what we say in our group is, "RE is easy - it's just not simple."

They make vinyl slats that slide right into chain link to make it more private, some even look like a hedge. 

Once the syndication that you're working on is up and running and starts generating some nice returns (and subsequently, some nice GP splits) you will probably have no problem getting something just as nice.

She used it to set the initial offer and subsequent counter offers.

The 80’s had a change in the depreciation rules and the 2000’s had the sub prime fiasco and subsequent changes.