The borrower must be capable of re-paying back as agreed. 2.Repayment is made Monthly Quarterly or Yearly depending on the choice of the borrower and The Repayment schedule for a Loan is calculated and sent to the borrower.

All in all I'm sorry you had a bad experience, but I think you made the right choice in my opinion. 

And I don't know if you can switch to your own tile co (and pay for the title insurance) after you picked the "use seller's closing agent" choice.

This style of "investing" was very popular in India between early 2000s to '07-08.

The OP and the co-owner have choices.  

It's about $85 to do yourself or $400 on legalzoom.com After you have the LLC you get an EIN for the LLC and open a business checking account at your bank of choice.

My current top choice is a 5 Unit for $140k.  

@Chan K Look into Dwolla and PayNearMe , give all the tenants 2 choice: pay at 7-11 for a $4 charge OR pay online for free,

It's worth going to the seminar to try and pickup on the free information however it's ultimately a high pressure sales scheme where you will be forced to make a choice to invest a large sum of money with a lot of unknowns.

I've dedicated many of his songs to my wife when we were younglings dating.Lol.Anyways, Let's make some assumptions here before we tackle this multiple choice question you have posed.