As for over-leveraging, so long as you retain around 30%+ equity in properties whose rent more than covers all expenses (including up to 70% LTV), would you really (need to) worry about that level of debt?

Code enforcement relays that it is in the hands of the judge now, though it is worth mentioning that my friend has retained the services of an architect and is moving forward with plans to bring the property up to code.  

I'd keep that as close to my vest as possible so that you retain the leverage and selling the house is not part of the conversation.

Of course there are exceptions to this, but the great thing about real estate is that it tends to retain value nicely over time.

I contacted an attorney and he will do it for a $1,000 retainer as well as $250 per hour for the legal work involved.

I contacted an attorney and he will create the power of attorney forms for a $1,000 retainer as well as $250 per hour for the legal work involved.

I have not seen this in my 5 years of note investing, and it says:---The first lien note is secured by the first and superior vendor's lien and superior title retained in this deed...

I would retain the communication where he told you that you would lose your security, because THAT is not legal and sounds like a threat to me.

What, otherwise, will be the policy in relation to dividends – to what extent is it intended to distribute / retain surplus profits?

I got my RE license as a means of targeted learning about RE, but being that it was a side endeavor and my main job salary and satisfaction kept improving I never made a full jump into RE agent-hood and hanging my license with a broker.My question as a potential primary residence buyer in new big-builder home purchase, could I hang my license with either a 100% commission brokerage or a broker friend for the transaction to retain the buyer's commission?