I kick my self ALL the time as the previous management company I worked for paid for me to take the RE Licence class and state fees when I was a leasing agent but I never got around to doing it before I was promoted.

If you purchase a note with an inadequate file or with trailing items, you need to make sure you have the proper provisions in your contract to deal with a failed delivery of those items.Second, this is a common tactic that I have seen now in several of files coming from certain promoters through our clients.

Yes, people are trying to defy them by promoting trust transfers or such like, but... 

I spend my days traveling all over the northeast repairing machinery and promoting our brand.

A better way to look at it: Acquisition price: $15,000,000TI's: $500,000 ($100 PSF)Ancillary Costs: $450,000Acquisition Fee: $150,000Project Basis: $16,100,000Gross Rent: $1,500,000Yield on Cost: 6.99%Loan Amount: $12,857,142 (60% of Reversion Value) Reversion Value: $21,428,571 (@ 5.25% CAP... just guessing this market cap rate) Equity Needed: $3,42,857Pref Return: 10% 2 Year Hold: $648,571Net Profits and Pref & Equity: $4,037,142Investor Split: $2,422,285Sponsor Promote @ 40% Split: $1,614,857Total to Sponsor (THOR): $1,784,857 Obviously I don't know all of the deal deals but this is how an institutional investor would underwrite (back of the napkin). 

It is an investment of moneyThere is an expectation of profits from the investmentThe investment of money is in a common enterpriseAny profit comes from the efforts of a promoter or third party

The only risk is not paying it off by the end of the promotion period because then you typically get charged the high interest in arrears.

Here is an edited version of what I posted earlier that was taken down due to self-promotion.

Can I and should I promote this land as having pot growing potential?  

However, he just switched jobs (got a promoted position) and is having a hard time getting financing.