Also, I'm pretty sure it violates Frank Dodd or one of the other acts since you legally have to show/document that the borrower can reasonable pay back the loan.Sounds like you have a 5yr term loan with a 30yr amortization. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

@David Lichtenstadter  To the best of my understanding and having just talked to my title company, they are legally the same result.

I'll post updates here in case anyone wants to follow along.We syndicated in the states to fundraise enough for architectural renders, entitlement, legal, and to pay off the land. 1/4 of total funds required have been deposited in our bank account.Convinced a world-class architect to do luxury design for us.

i can't legally kick her out, unless she keep paying later after attorney letter, but she stoped after she received the letter

If things go truly south, you may as well invest in dry goods, it will be worth more.Cryptocurrency is not regulated at this point, until then it provides a free way for anyone to move money between countries tax free; convert illegal gains from criminal enterprises, legally hide business profits as it's not recognized as money...

I’m guessing the process of valuation and creating legal shares was a bit more involved than Marcos had expected.

The first being - don't bring your friends or family into the mix :)Since it sounds like you're pretty solidified in your friend moving in, and it could be a good first roomie, so just to get your feet wet... i'll double down on Laura's advice - do a lease, for the legalities, but i also highly recommend some sort of written (we call it a) Room Mate Agreement.

Tenant will also be responsible for the additional cost of any legal notice.

Also, if anyone has a legal advisor in Virginia that is interested in working with a small investor (this will be our 2nd investment property), please pass their name and info along.