Hi Guys,I have less than desirable credit ~600 (had a business loan that I defaulted on a few years back).

The default rule is that all securities must be registered, unless the issuer (you), the security, or the investor qualifies for an exception or exemption.Federal regulations cover the security side (PPM, syndication, issuing securities), but the state laws determine the local instruments (notes, deeds, lien instruments, entities).Even the lightest capital raise starts, for me, at a $10,000 retainer and can climb to $50K+ depending on how involved I have to get. 

The four categories for distressed owners are Lis Pendens, Notice Of Default, Notice Of Foreclosure sale, and Notice Of Trustee Sale. 

Driving for dollars, direct mail, probate, tax defaults, networking, etc.

This is the same process in broad strokes as a mortgage default and having to change the ownership because of that situation.

If you are worried he will default on rent somehow and you want leverage, then add her onto the lease and she becomes just as responsible as he does.

you will lose money if this defaults..   

Most leases in Michigan default to MTM and only terminate when one party gives the other proper notice as required by the lease. 

Never seen a LLC sign a loan before.You get a trust deed and default, the lender will still go after you and the property for recourse, LLC or not.

@Saleh Riazi my default solution is cash for keys...but thankfully it has not happened that frequently...we offer $500 cash upon verification the unit is empty and in acceptable condition.