Failure to operate correctly can compromised the LLC's legal standing.

I'm not sure what ARV stands for....He will pay us the cost of fixing up the property which was quoted to him by my Contractor at 35k, making a 15k profit for me and the other 20k will go to construction costs and subs. 44k to me as the Private Investor, roughly 15k Broker fees and the like.I believe, although I may have misconstrued my initial understanding, that he will buy back at 85 percent of Market Value when the year is up.The 89k is the money he is left after paying us our fees, where I believe I got confused, as my Mentor told me we would be "cutting" him a check for that amount.This leaves me wondering why with so much equity he could not access it and why he went into default.

Cant stand him.

The bank is merely a third party that has the privlege of approving the sale because their lien isn't being completely satisfied.In simple terms...

It was nice to see people standing up for the agents.

For one party price might be more important, and the time to the other.

If my previous business didn't fly I didn't stand to lose a pile of money.

Sometimes, standing here alone, it's hard to know when one really is "in the right." ofgift

All kinds of discussions about where to buy towels, how to deal with lock outs, what about guests that do not vacant on time, managing units when you only have seasonal demand, how to spot fraud or scams and what to do with Spring Break group requests (party central in your rental).Send me a message and I can point you to the URL for the mailing list.I have some vacation rentals, I have looked at the numbers in Hawaii, Spain, Prague and Vermont.

A "party wall agreement" is put in place to cover issues related to the shared property.