Borrower shall occupy, establish, and use the Property as Borrower’s principal residence within sixty daysafter the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower’s principal residence for at least one year after the date of occupancy, unless Lender determines this requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower’s control Borrower shall notify Lender of any extenuating circumstances

I see nothing wrong with Phil asking for the money if he is trying to link together with other well established investors from around the US, but that does sound kind of steep for someone who is more than likely just getting in the game, as his training courses would attract new people rather than established investors, who really do not need training usually. 

Can anyone recommend some good books that discuss organizational leadership and how to properly run/establish business operations. 

I recommend making extra mortgage payments once you are settled in and have an established emergency fund.

A new relationship can take months before mutual trust can be established.  

The 3 residence limitation on Guaranty Fund claimants was established by the Legislature, not by the Commission, and that it is not within the authority of the Commission to change this provision of the law.

There are not any established turnkey flippers in this market that I am aware of. 

(buy and hold / flipping) and establish a partnership that will allow you to be absent.Another option is notes.  

Larger projects such as shopping centers and investing internationally will be in the near future once I have established myself a cash flow.  

He is well established and professional.