Lessor reserves the rite to charge for heat use in excess of historical building averages.

Seems pretty reasonable (as long as it's not excessive to the point of being suspicious).

So those owners got hit with a big fat special assessment they weren't expecting.  

The Foreclosure sale would have some bearing on the above only so far as bids in excess of the HELOC balance would then pay in succession on title.

If you're worth millions, then you should be having this conversation with your lawyer and not waste your time with advice from someone internet guy who may or may not know what he's talking about (even if I did handle claims for an insurance company in my previous career).Having said that, you can bump your limits up by a million and then add an umbrella policy which would provide excess coverage to all of your policies (home, car, investment property).

Your friend's funds should also be paid into the purchase escrow account (not to you directly) and the note should not be in excess of your state usury law.

A college degree will increase your earnings potenital, which will allow you to invest more of your excess income in real estate.

So we closed on Sept 3rd and we got a nice big fat check for 14k!!!

Then you have bigger problems than figuring out what to do with excess cash flow-- huge financial headaches, the threat of foreclosure, tainting your credit,etc.

Because their projects need to generate excess of 12% to compensate them and you for it.