Someone who is young and single will be more comfortable with investing a high % of net worth on one project vs. someone who is married with kids.I will add to Sharad's response that it would depend on the level of protection is involved in the deal and the exit strategy (or speed to which it can be executed).Personally, I would be willing to risk up to 20% of my net worth and none of my spouses money (unless she personally wanted in on the deal, then she can make up her own mind)

Lee Greenwood said it very well in his song:GOD BLESS THE USAIf tomorrow all the things were gone,I'd worked for all my life.And I had to start again,with just my children and my wife.I'd thank my lucky stars,to be livin' here today.Cause the flag still stands for freedom,and they can't take that away.And I'm proud to be an American,where at least I know I'm free.And I wont forget the men who died,who gave that right to me.And I gladly stand up,next to you and defend her still today.Cause there ain't no doubt I love this land,God bless the USA.From the lakes of Minnesota,to the hills of Tennessee.Across the plains of Texas,From sea to shining sea.From Detroit down to Houston,and New York to L.A.Well there's pride in every American heart,and its time we stand and say.That I'm proud to be an American,where at least I know I'm free.And I wont forget the men who died,who gave that right to me.And I gladly stand up,next to you and defend her still today.Cause there ain't no doubt I love this land,God bless the USA.And I'm proud to be and American,where at least I know I'm free.And I wont forget the men who died,who gave that right to me.And I gladly stand up,next to you and defend her still today.Cause there ain't no doubt I love this land,God bless the USA.Remember, "Tough times don't last, tough people do!"

It may save you 10% in hard cost, but it also costs you your time that otherwise could have been doing some other productive money making chore.Not if you give up playing Warcraft online or watching American Idol to do it.

We executed the purchase option in July of 2008.

I've come to expect the .5-2% management fee on typical mutual funds, depending on their investing style, but my wife's investment "advisor" seriously expects me to redeem all the shares I have in no-load mutual funds so he can invest the proceeds in American Funds (5.5% front-end load!).

FILING is the determinant of ownership on the first transaction but EXECUTION of the deed is the determinant on the second transaction.

When billion dollar account managers can use computer programs to execute trades in micro seconds, (took some knowledge to put that together!)

While you may have only a couple of hours invested in one particular deal, you have thousands of hours invested in gaining the knowledge and experience to find and execute that one deal.

Summary, just my opinion and I'm sure the other Sub2 homeboys like Jonathan will say is: Short the 2nd but don't refinance the 1st and execute an exit strategy whether its sell as a wrap like Jonathan said, L/O or sell retail and collect a REALLY BIG CHECK :)

Once when I was an executive with a blue chip company I had an employee come and ask me for a raise.