FYI There are more Non-Performing 1st TD Commercial Notes then I see REO's.

To alleviate your fear, use a Purchase and Sales Agreement that states that your earnest money is full liquidated damages if you the buyer do not perform.

“A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release which if known by him must have materially affected his settlement with the debtor.”They also sign this.DEFAULT BY BUYER: In the event Buyer should fail to consummate the transaction contemplated herein for any reason, except default by Seller or the failure of Seller to satisfy any of the conditions to Buyer's obligations, as set forth herein, Seller shall be entitled to retain the earnest money deposit, such sum being agreed upon as liquidated damages for the failure of Buyer to perform the duties and obligations imposed upon it by the terms and provisions of this Agreement and because of the difficulty, inconvenience and uncertainty of ascertaining actual damages, and no other damages, rights or remedies shall in any case be collectible, enforceable or available to Seller other than as provided in this Section, and Seller agrees to accept and take said deposit as Seller's total damages and relief hereunder in such event.

Bill, if you are performing business travel, which would need to be far enough to require a sleep over, then eating a meal alone is a deductible travel expense.

A heavy vinyl wallpaper can hide a myriad of cracks and patches in an old horsehair plaster wall/ceiling!

A trained monkey can lay the "field" (floor) tiles, patch the nail (or screw) holes within the border of the 4 X 8 piece of sheetrock or lay the "field" (roof) shingles.

Then i spend the rest of my day getting materials and making sure my employees are performing per job specs and getting things done the right way the first time.

Which is excellent performance imho for properties in the 100k and under range.

So for him overseeing the project and performing half of the labor, he will make appx. $37.50/hr.

What you do there is once a week, or twice a month, or whatever, you write yourself a check from the company bank account to you,the company employee, and if you don't have the funds in the business bank account to cover that check, then you stick it in a drawer, and you cash it or deposit it to your personal account when your business account does have the funds available.You can set your 'salary' as low as minimum wage, and then just give yourself 'performance bonus' checks quarterly, again, with the appropriate payroll taxes applied, for any overages over your 'wage.'