I think we just missed a Houston Bigger Pockets meetup yesterday but there are a number of different events you can find with a simple google search.

I wrote some papers in college relating to the subject, BILLIONS spent fighting pot when hundreds of millions could be made.

Additionally, I would run through some simple math as a discussion to ensure you start to get an idea of what sort of distributions each of you make.

Simple as that.When are the seller/landlord, you want the lease and option to be totally separate.

I just sent them a copy of the paper they both signed so thats done I lost a week with them and it was a hassle to verify their information.

As to your other deal, isa quick simple deal or another SS, if a SS, how long before you get to closing?

Could've done without the criticism for a simple question.

They're HUD forms, not WisconsinSo no earnest money has changed hands and you haven't signed HUD's official papers yet?

My understanding is that the borrower must be current, and their property must be at least 15% underwater, so there isn't too much worry about moral hazard.Sure, the investor in the initial loan loses big time on paper, but not much more (and maybe even less) than they would eventually lose in FC.

As was pointed out by John creating an LLC on the secretary of states website is very simple.