I saw that by adding a 4th bedroom the comps in the area took a considerable jump.

For him, the sex is drawing pictures on the back of business cards.

I would draw a big line between hobby and real estate business.

I would JV with her, do the work, secure the debt of rehab w a mechanic's lien, have an option to buy x% of equity for $10 plus services rendered as consideration, record the option, sell the house, make a profit, win win.

Even so, it doesn't relieve the borrower from meeting the obligation or the ability to pay in combination with the factors mentioned above.The term of the transaction can be a factor as well, a seller financed note that is of a short duration, less than a year for example, should be under less risk considerations if there is no other risk activity, like construction.

Which was a big part of the initial effort to buy the property in the first place - to own both and so be able to easily re-draw the property line around the garage.So to me it seems like I own 20% of the inherited house AND have a claim to a part of the garage over there.Their position is that my quit claim deed means nothing as they can just give me the $2000. back and then get the investor guy to pay them the $70K.Who is correct?

Long story short, there was a $1M verdict against the defendants, all of which was covered by insurance.I would say the LLC worked because there was zero consideration given to suing the passive owners of the property who had nothing to do with the management or operation of the property.

These are just a place for the (sewer/water) drains to draw air.

@Chris Piperhey thanks much I will make sure to take all those numbers in to consideration and i like the 85% of MAO it gives a little wiggle room.

This is specific to the electrical drawings, but feel free to propose your own solutions to the problem.