You have essentially no liability (you don't have contracts with anyone, your client does), and you have essentially no risk.In most states, you probably need to have a GC license to legally play this role, but in at least a few, you don't (in many, it's not clear based on how the laws are written).

All this manipulation was made clear starting in 2008 or so with the big financial crisis.

Also make sure title is clear, check Recorder's office for any liens, mortgages, deeds of trust.

I think the code is pretty clear the there has to be a recorded NOD.I'm pressing this only because I know the penalties can be severe.Thanks.

Property 1 is worth about 90K.Property 2 is worth about 55K.Property 3 is worth about 130K.All 3 are free and clear...what's next?

The coaching terms should be clearly defined; days and times he is available, in what ways you will be coached (email, phone, in-person), and your overall access to him.

. :)Hmmm, could I make this more clear?

Also, at the end of the year, my situation should look something like this:One recently purchased personal residence (using up about 15-20K of the above funds)One recently converted rental with 55K mortgage renting for 750/monthOne paid and clear rental renting for 550-600/monthMy debts could (and will likely) include:Converted rental mortgage 55K at 3.75% + PMI with PI 260, TI 220/month60K in student loan debts at 4.75 to 6.8 percent about 650/month payment15K car note at 3 percent about 270/month paymentWill probably need to buy another car for my wife (cost TBD)I could sell my paid and clear rental easily for 35K.

I have a house paid free and clear and I'm thinking about buying a smaller house to live in with a loan and rent out my big house.

It appears to be futile to argue with you as you are he'll vent on being right, even though your statements are clearly inaccurate.As for the know it all comment, typically personal attacks are not allowed on this site, however, your remark was more of a compliment.