Many concepts need to be discussed by both parties so everyone understands the risks.

This is really not a DIY concept.

So not filing it opens up to possible defense against the same concept.

That's also another great book with the same concept and apparently Jeff Olsen was a mentor of Darren Hardy even though Darren Hardy seems to mention Jim Rohn a lot more through Compound Effect.

If I were struggling with this concept, I'd hire a professional (AKA Great) property manager.

Welcome to BiggerPockets @Brian Rossiter.Making the shift from employee to investor is the American Dream to me now :) I plan on getting there and hope to see you do it as well.This concept will help when evaluating potential deals:The 50% Rule: How to Quickly Analyze a Multifamily Investment PropertySee you around the site.

I haven't played the actual board game, but I think it's a good way to introduce concepts and get a feel for investing.Be warned though, it can be kind of tough until you learn the concepts, and a turn-off for people if they fail early on (probably bad childhood memories of Monopoly coming back to haunt them).

Jon Holdman has a good point regarding the value of goodwill ...but you may also want to throw in a non-compete within a certain mileage/county etc radius.An interesting concept keep us updated..Good luck

If the letter is written as in the paragraph Edward detailed, it will serve to modify that original contract that it mentions.

The concept is not new dating back to the crash.Inside that agreement, the agencies allowable mortgage portfolio was to be reduced by 10% per year.