If they don't know ask them who will conduct the auction and contact the auction house and ask them.As a general rule you are required to have funding to even take part in the auction.

I realize that there are some nicer parks in some parts of the country, but as a rule, unless you're doing "lonnie deals" they're not money makers.all cash

As a general rule, listing prices are going to represent the highest end of the pricing range for a property, while the actual selling prices are going to be a closer indication of the current appraised value of that house.

I just need to know where to find out the legal aspects of what you can and can't do in lending private money. Such as, do you have to be licensed if you do X amount of deals per year? Can you charge pts? Application...

The Golden Rule is important.

If not then your 6% building is simply overpriced and/or the 12% building is underpriced.The rule of thumb that I use for cap rates is that I want higher than the mortgage rate I pay for the building.

I think current rules are the lender must drop it when your loan balance drops to 79% but you may have pay for another appraisal.

I am starting to make small HML's to developers and investors and I don't know if there are rules I have to follow.

In that case, the usual capital gains rules apply.Still I recommend checking with a tax professional.

This would require a judge to rule that your personal assets should also be at risk in the lawsuit, in addition to already finding the LLC guilty and proposing penalties in excess of the LLC's assets--two rulings against you instead of just one.