After we compete the first two, and demand is there, we will probably build out the remaining six simultaneously, then begin marketing and canvassing for additional property.

I don't think he recovered anything and believe one of the players ended up in a mysterious death in the Los Angeles area.

And, there are other competing bids, so I would like to take this opportunity if possible.Good point about furnishing the existing contracts with my client as proof of future income.

In general, I'm finding the sites are in their early days post the JOBS Act, still building inventory of deals and expanding the depth of description of the offerings.First, simplydoit.net has a nice listing of crowdfunding RE sites at : http://simplydoit.net/2013/08/real-estate-crowdfunding-players/Fundrise.

Did I discount the property to the harm of the bank when I sold it by not getting competing offers or listing it on the open market?

Fewer retail sellers to compete with (easier to sell).

That doesn't mean that they couldn't sue you individually as well, but with competent counsel, that suite ought to be thrown out pretty quickly.

(Currently 2500+) You will be competing with everyone on there (with a similar property).

A consultation with an attorney is usually free; make sure you have a competent attorney on your team.

Regulatory Law versus Contract LawLegal advice from a competent attorney is important.