Is crowdfunding one of the newer emerging concepts?

Next, no, you can not contract for just anything the parties agree to, you can't agree to violate tax requirements for example, there are also predatory dealing laws, contracts are not totally foot lose and fancy free to do whatever.Next, the concept of consideration is the basis for the equitable interest, a financial interest that can be shown in the event that interest is lost.

Ken Edwards is a great real estate attorney in Raleigh if you are still looking.  

Well put Dev Horn, I agree with you  100% . love what Joshua Feit input as well that entire concept of taking your potential backer for a ride showing him or her your strategy  live  is brilliant.

My next venture is a groundbreaking new concept that yields higher returns than any rental real estate deal I've experienced.  

I believe this is the same concept that is seen with www.realtyshares.com @Tyrone Green

They seem to come up with some impressive ways to change houses to the "open concept" that is popular these days.

(Seller like this concept, but does not like being in second position)Seller indicated that they are not in a hurry to collect all the money.

Someone brought up a concept I had never heard of before, 7702 plan. 

You will need to understand the concepts above so that when you approach a private lender or a hard money lender, you can explain to him, why your deal works.