He's going to pay boot tax anyway. 

The QI is just there to receive the money from the first sale and pay the next, so that you are not taxed on that transfer. 

And finally how do we even know if you really are an investor and if you really lost any money and how much.. there is another thread on BP where someone like you ( major bone to pic) started flaming the company because they could not pay their interest payment or get a redemption and it boiled down to that individual had a 5k investment total ..

When creating a list, you are essentially filtering homeowners based on who might seem most likely to sell.You can check your local county records site for properties with delinquent taxes, probate cases, or foreclosure filings

Living there I happen to know several tenants aren't paying and there is no restaurant currently there and hasn't been for years. 

To me, that's just taking advantage but people will pay what they will pay.$1k UW - This is within the range$1k Legal - This is within rangeAdditional costs - title, appraisal, property insurance (~$2k)10% of renovation estimate as contingency due at closing.Renovation funds issued on a reimbursement basis for work completed. - I never, ever heard of 10% of the renovation funds due at closing and I've closed 100s of bridge loans with many different lenders.I think there's way, way better terms out there but I do not know your credit, if it is good these terms are way off.

Or he will have to pay a lot to buy it down. 

Sometimes they will pay you to install for added business.

If you hire someone to build, you're going to pay full retail price.

If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.