Largest award ever in similar lawsuits against Landlords:http://realestate.aol.com/blog/on/faika-shaaban-wins-annapolis-bedbug-lawsuit/?

I would say the single largest mistake is not knowing the market.

The distinction is defined by the Code.

As far as I know, in CA, there is no distinction between borrowers, when it comes to usury law. 10% is the limit, no matter who lends to whom (if none lic. lender and no broker involved).

In most jurisdictions, there is a legal distinction between a boarder/roomer and a tenant and quite often different rights and obligation on part of both the boarder/tenant and landlord.

Again, his terms are attainable through local banks, but I am not aware of HMLs in that range.I draw the distinction because financing through a bank and through a hard money lender are not interchangeable processes for many borrwers.

Hands off doesn't seem to work unless it's a highly professional crew with a distinct and true leader.

I replied "because the numbers worked and one of the largest investors in town just put it under contract."

Resort project, profitable, great & unique concept, low investment, low risk, has off take agreement with large travel agent for 90% room sales when the resort is completed (family own one of the largest travel agent in the region)Our family owns the land, its pilot project for the developments of the some pieces of land of total over 600 Rai (1 rai=1600 Sq meter), family land.Multiple investment options & exit strategies are available, short term to medium return of investment.Interest party to write me at  [email protected] will send biz plan for review.

Nice to have the brokerage community chim in as well.I think on BP you have 3 distinct camps.. 1 a huge body of folks that have never done anything in RE and are wanting to do so, so they are trying to get educated on line here.Then you have the local investor, who 90% of the time probably does not buy from turn key but I know instances in all markets were locals will buy turn key..