The safest way to structure these kinds of deals with partners and still stay legal with the SEC, is to structure it as debt or a true joint venture.

IRS is pretty clear about having you define when you stop using it as a primary. 

Hi Chris,So that $430k is it also debt or partner equity?

And by the way despite the market I am still buying properties for our own portfolio.I have a talk next to agents about growing their business and about real estate investing - what I want them to do is a.) for some: stop renting and actually buy a house and b.) buy an investment property.

The buck stops with you friend.

After that, they stop lending based on equity.

Make sure you don't stop there.   

Another goal of mines is to stop being shy and get out more to network with more people, I realized there’s so many great people out there!

That being said,  if a borrower is not performing as agreed and stops communicating with us, then we have no choice other than to foreclose.

So, I was a bit perturbed when Dayton announced it would stop taking applications for "Lot Links" last December.