Well there is a bad  time to invest, if one don't have the experience and  one could not borrow/obtain cash for reason or another, greed and overconfidence are bad to human, if someone would like to invest in daily basis without enough knowledge and cash will at the end of the day will destroy him financially.

They do not know when the courts will be finished with the file.

These are the marketing packages created for each investment opportunity and typically go through everything from the business plan to the financials to comps, and much more (I'm happy to share some closed deal decks; just message me).You'll start to see how different sponsors lay out their business plans, and what they look for in a deal.

I am happy to be part of this community, and would like to share my current financial situation and personal rental property goal.

I would never necessarily fall in love with a deal and make it emotional because you could possibly overlook the financials.

But at the same time, could he take us to court saying that we owe him the remaining $50k?

My goal is to be financially independent and not have to rely on a paycheck all the while being able to build a portfolio that can be handed down to my 2 kids.

Then the LLC never becomes an independant financial entity, even if it holds income?

In search of financial freedom for a number of reasons.  

Take control of your financial future use your experience and knowledge.