But I do want to get our business set up properly so that when it does grow, the program can grow with it.  

We've already agreed on rates, and I'm going to ensure all the paperwork protects me just like it would any other lender (proper contracts, personal guarantee, etc)The part I'm unsure of is what type of entity it should be under, just a regular LLC?

If you bought notes in a judicial state you have to file proper demands, complaints and go through the court system.

I wanted my lifestyle to change as we build an “empire” (the wording is for dramatic effect, but it’s true in my mind).

You won't have to deal much with POS requirements if you stay below $100k on a rented / rent ready property as mostly in that price range, you would be looking at Cleveland proper and not the surrounding suburbs that have the POS requirements. 

How can I properly document this in case he tries to come back for the remaining 50%?

It likely was not pitched enough to provide proper flow to the vertical stack.

It just means you were able properly fill out paperwork and pass a test.

That individualized assessment must consider a number of factors, including:The nature and severity of the incidents that would lead to a denial;The number and type of incidents;The time that has elapsed since the date the incidents occurred; andThe age of the individual at the time the incidents occurred.Many Oregon landlords will likely search for guidance on how to properly conduct such an evaluation.

We are identifying non-profits to contribute to that help people who are drug-addicted and homeless since we are not equipped to serve them properly through our real estate investing.