This is a great place to learn and to connect with people so take advantage of all the great resources.

I probably also need to find a realtor who specializes in multifamily who can help me find a plot of land that can be used for this purpose. 

I try to help and educate people.

This is your property and your investment, not theirs.

Keep systems in place for managing documents and contracts.6.

This is where expert mortgage brokers come in, acting as your guide through the maze of real estate financing.

This will get you a better cash return and through the power of leverage, it will propel your net worth significantly higher in the coming years.

How did you finance this deal?

No way is this a scheme to keep EM for the seller..Anytime I have had EMD disputes it usually gets solved with a 50 50 split since I know what will happen.. what happens is exactly as you describe.. money is to small to realistically hire an attorney to collect..

Does anyone have any advice with dealing with this type of situation.