In defense of the prior painter, the University of Florida's colors are....Needs paint, but looks pretty good. 

Gave excuse of being in a conference, away from the states for a while,  get new inspection, just filthy excuses Wasted 3 months of my time . 

I speak a few times a year at different real estate industry events and even a few entrepreneurial conferences. 

@Willie MoralesIn defense of your lawyer, look at what actual mortgage and loan documents say.

Is there any networking or even real estate conferences going on in the area?

To their defense now S8 in Houston is on a bi-annual inspection, which should help some.

He seems really smart, and goes to conferences on taxes and whatnot.

But if you go with core/satellite portfolio construction (i.e. most of your investment should be in things that are conservative, with a smaller satellite portion in riskier things) then I think this is a great core holding.2) hard money loans: when underwritten conservatively (65% LTV or lower, no judicial-only states, first lien, etc), they can be a very good defensive investment in the downturn.

1) For multifamiliy, I'd recommend going to Rod Khleif's multifamily conference in ATL.

@Daniela Reyes In addition to your local REIA, check out groups like AAPL (American Association of Private Lenders) and go to lending conferences (AAPL has one coming up in Vegas, PitBull does some...).