The more deals you do that work out and give an investor a good return the better your track record becomes and the easier it is to sell other investors on the idea. 

As they are different in workout and exit strategiesLike any other profession, you need to know what you doing and notes investing is no different.

I'm not worried about anything holding up in court (if it even comes to that) but I want to make sure I do everything by the book to make sure I don't get screwed.He's already made comments like "I'll just say you kicked me out" and "you're gonna end up owing me a lot more than this" etc etc so hopefully this will work out

We want to work out the kinks and provide as much value as we can to our initial group who's going to help us fine tune everything into something of major value for everyone who goes through it in the future.

If so, please PM me and lets work out a deal. 

If a client wants to buy a reasonably priced multi-unit that will cash flow a lot, there are very few upper-middle class neighborhood properties where I ran the numbers and the numbers work out well.  

If one doesn't work out then I would find the new one.

I only have variable rate mortgages which historically long term always work out less expensive but requires a investor to be able to afford the fluctuations.In your case I would only plan 5 years ahead.

If I purchase/own the note, can I still go after the borrower for the money and work out some type of deal?

It just didn't work out.