If not, you lose control of the property, and if you haven't been careful about what you have signed, you might find yourself being sued for specific performance.

Maybe later there will be an action that allows you to gain control of the title.It is a bit hard to tell what sort of lien you might be buying.

I give them more control than the mutual fund managers who gamble with their 401k everyday!

At the end of the day who has control of their future, money and investment decisions?

Maybe the splits are not equal but there should not be situations where 'partners' are more equal.Now, if you want control and are willing to pay the other person to have a more passive role then fine.

$8.07 $7.35 Long term Government backed agency leases High demand rental type 3 to 5 year leases on 50% of the complex Excellent cash flow Estimated Expense Summary Actual Pro Forma Projected Taxes $72,490 $72,490 Insurance $12,131 $12,131 On-Site Management $30,000 $30,000 Trash $5,131 $5,131 Cable $1,708 $1,708 Maintenance $33,402 $23,270 Repairs $15,201 $6,090 Advertising $6,809 $4,074 Legal / Professional $7,483 $2,658 Administration $8,317 $8,317 Permits/ Licenses $1,104 $1,104 Telephone $18,294 $18,294 Payroll / Benefits $112,943 $105,250 Security $17,780 $17,780 Miscellaneous $19,896 $19,896 Utilities $143,030 $136,000 Workmen's Comp $5,388 $5,388 Auto Expenses $2,000 $2,000 Pest Control $716 $716 Furniture $4,356 Totals $518,179 $472,297

If you retain most of the control and the note buyer is passive you also might get into trouble with the state security regulators plus the SEC.John Corey

The other half are generally local folks, panel discussions, round tables, etc.

t=3037&sid=5e916924e85035530e52dee43c04e70f Take a look at the left panel and check there location.

If they must, they will turn it over to an agency like Fanny Mae or Freddy Mac (government supported) agencies that serve as a balance between the RE market and the government control of the properties.