From what I've seen, in those situations it is likely the JV/Equity entity will either cut you out of the transaction or wait until you fail and take the deal for themselves.

Bad landlords just give you the oppurtunity to fail.

I hope that everyone can see that if I were to inspect a home and give a report on the condition of that proeprty and that if my client purchased to home based on my opinions, then it turned out that I had not mentioned significant defects or failed to disclose faults, that I would liable for the financial loss suffered by my client arising out of my assurances.

Perhaps with more starting capital this could have worked well, but in the throws of the credit crisis it was hard for that to be an option. 9 out of 10 businesses fail because they are under-capitalized.

When partners meet when problems arise the issue at hand can be complicated if any of the partners fail to grasp the reasoning or action taken by another.

First sorry for the bad news.Your security agreement or deed of trust will have language somewhat like this:Borrower agrees to maintain and keep in full force and effect a policy of insurance acceptable to the lender, while any principal herebt secured remains outstanding, insuring the subject collatefal property against all insurable perils, and if at any time Borrower fails to......The borrower is responsible to obtain and maintain insurance against all perils insurable.

If they fail to bid in the amounts necessary to protect their lien they lose it.

I fail to remove monitoring on old topics that are dead.

FAIL!

The BK will either have to be discharged (debtor pays off the obligations of the BK as agreed) or dismissed (debtor fails to pay as agreed).