How much did you pay for it, how much were the renos, what is the after reno value, what are the carrying costs and how much would it rent for? 

. $300000 x 70%= $210000-$150000 rehab= $60000 less carrying cost.

My question is, what kind of implications does this have for me as the one carrying the note, and rights that they have in case of default.

Had I written the article, I would add at least a few more: - sell when the property is one of your poorer performing assets - sell when a turnaround acquisition is not working to full potential - sell condos in >50% NOO complexes in a bull market to cash buyers (because non-conforming property that's leveraged can't be)- sell when you have a tax offset (ITC, accelerated depreciation, tax loss carry forward, etc.) - sell when you have a 1031 exchange purchase contemplated (or close to set up) and you have a disposable asset that "fits"Just curious if these conditions influence anyone else in BP Nation... please post if so.

Turnkey property with a tenant in Baltimore City for 35k, better carry a gun when you go to collect rent, cause the tenants will probably rob you.

Always and Will Happen seems like a con job.That's the kind of stuff they told Kamikaze pilots in WWII.I think good interpersonal skills, good business skills, good judgement, hard work and industry knowledge are much more likely to carry you forward in this business than an "Always" Will Happen" mantra of some book writer.Just my 2 cents, because your guess is as good as mine as to what it means exactly.Good Luck!  

I think it is wise to use separate entities for each asset that carries any liability. 

@Ryan AlexanderMy only "devils advocate" point is, developing typically carries more risk, especially with larger, more time consuming projects.

For that business I never looked much into the protection aspects because it wasn't an asset-heavy business and I carried much more liability insurance than would ever be necessary due to client requirements. 

There's no room in this deal, it's not going to be good for you to carry it and investors aren't going to want it.