Now, after you've refused to rent to someone, and they wind up homeless, they land on the city's doorstep, and the city listens to their sob story, decides you are wrong, and suddenly you have tax audits, building inspectors, and enough alphabet soup to DROWN you in your life. 

Turns out it's a South Asian tenant, whose wife likes to home cook, frequently making lentil soup.

The plot thickens....  

No risk, no profit on the deal and we learn everything from soup to nuts about flipping, but we pay her $5K for the education.The numbers on the deal are "okay" (now that we have used BP's calculators after the fact)  We could potentially make a total of $35K ($25K for her and $10K for us) or make $20K ($20K for her, having to do a 2nd deal to pay her the rest) and nothing for us.Worse case scenario, we are out $5K for our "education".Any advice?

Hey, but on the upside, a bunch of whackos that have nothing better to do than to toss soup unto paintings or have friends that consist only of trees and wildlife are a bit happier.

The alphabet soup of entities can be a distraction, especially early on.

Im new to the world of contracts, so up until recently I did not know that anyone could make up a contract and that as long as it had the minimums required to make it a contract, it would be legally binding. 

I can't afford to take on his soup sandwich.

I wake up at 2:55 am, hit the gym by 3:05 am and workout til 5:00 am, get ready for my 8hr job, and I feel great everyday, I have either oatmeal w/ fruit or scrambled eggs for breakfast, sometimes fruit and nuts or some type of chicken for lunch, and chicken w/salad, or Chick-fil-a salad, or Panera Bread salad, or soup for dinner; throughout the day I feel great. 

These options are both free, so up until this point, we haven't spent any money.