In a nutshell, the SEC’s Complaint asserts that from 2005 through September 2006, the Defendants were involved in one or more fraudulent investment offerings that purportedly involved real estate partnerships (“the Pinnacle Investment Program”).

I forgot I had even posted on this thread, but I still stand by my assertion that the late fee should go to the landlord, though I would make an allowance for specific extra collection efforts as @Steve Vaughan mentioned.

http://www.lonestarlandlaw.com/Judgment-Liens.htmlI think this covers my assertion 

The assertion that STR regulations infringe on personal property rights has limited legal basis, as overwhelmingly courts have ruled that the rights of STR owner/operators does not supersede the rights of their neighbors who bought in with the expectation that commercial activity would not be allowed in a residentially zoned area. 

I've never bought from a wholesaler - most of the deals I see from them are either not in my area or not really deals - but I can see certain situations in which they could provide value.Unfortunately, a good percentage of them are really just acting as unlicensed real estate agents, and an even bigger percentage have no ability/means to close on a property even though they assert as much when they sign the contract. 

Thus, you're adding principal reduction into your net income equation, which as you just said, is incorrect.As I've pointed out, others have pointed out and even you pointed out with your Wikipedia article, cash-on-cash return is calculated without principal reduction factored in, and therefore it's impossible to have negative cash flow yet positive COC return.Which was my original assertion and is still the case...

Ben also asserted that in the single family world, comp analysis is used to value property.

Be friendly and understanding of their situation but assertive and clear about your intentions.

All the best, Gerri   I think as long as you assert yourself as the one in control in a professional manner you'll be fine.

Not saying you have a 1099-MISC obligation as I'm not diving into the details, but your assertion isn't valid.This could go a few different ways.