Also in many of these contracts out our way there is mandatory mediation clauses.. so you really can't go to attorney anyway unless you just want to blow 300 to 700 bucks having them look at your contract to get your 1k EM back kind of counter productive .. and mediation cost a few grand per person... 

Here's what I have so far: Background: Cavalier is a small town (pop. of ~1500) in NE North Dakota, which is approximately 1.5 hours from the nearest large city (Grand Forks and Winnipeg).  

If anyone in the Grand Rapids, MI area has some referrals for good workers, please contact me and let me know.  

Luck was with me, I met him at the Gym. a couple months Later, I did reserch for him for foreclosure properties, the best property I found him was a 3 unit with a bar underneath, He sold it a couple months later for a very good profit, He gave me 10 grand for the work.

Plus other successful projects) I have had to parade in different venues outside of RE investing, therefore, no grand capital.

Must be a tough market where you invest because making 800$ a month in a c class area  on 50 grand  doesnt sound very exciting or lucrative to me . 

@MoraClarkHolland, Zeeland, Grand Haven, and Saugatuck 

Depending on the loan and how much the rate has changed and the length of the extension, typically the cost is minimal in the grand scheme of things.

If his family has grown (kids, grand kids, pets, etc) he may have different needs than he does now. 

You could easily spend a grand in filings and accountants to setup a first year llc or partnership.