He clearly isn't happy, I can't make him happy, and I am not happy to deal with all his drama and BS.

States with non-judicial foreclosure processes have had remarkable success in clearing out the inventory of distressed properties, which is one of the factors driving the housing rebound in states like California and Arizona."

@Mister Gardner - I'm not trying to be your grammar teacher however, your posts could be a lot more clear with punctuation!

The first step is to get clear about what your potential partner wants.The second step is to find a deal that gives him what he wants, and keep what's left over for yourself... could be 10%, 50% or 75%?

Code § 4 - Misprision of felony clearly states "Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both." http://www.law.cornell.edu/uscode/text/18/4 And a licensed real estate broker (or realtor held to a 'higher standard') saying that a client is OO should have enough information through agency relationship to know who is OO vs.

Nope, that appears to be a pretty clear cut case of fraud unless he fully disclosed everything to the lenders.

Some of the stain finishes (especially if sealed with a clear finish) look very sharp and would give the rental a distinct look and set it apart.Ironically, I am actually planning to try this first in my primary residence.

(I feel that two of the three units would appraise high enough to cover the purchase price) My thought was that I could then after closing get a loan on the building I own free and clear to get my down payment back and possibly more.

It also spells out very clearly what the S8 recipients have to do to maintain their benefits, like paying their piece of the rent on time, abide by the lease, don't house people not on the lease, and keep the property in good condition.

The answer to that is to invest in the markets that give you the best chance to achieve whatever your objective is, so start with a clear objective.