The millisecond a deal closes you can close the next escrow, escrow one is over and title has passed on the first closing.I don't know the details of your deal but if you were the end buyers it would have been easy to write this up as A to C deal with B being taken care of in escrow.

Again, I know someone who used to teach RDPD training and I know plenty of details about the quality of training and the tactics used to extract $$$ from inexperience and naive investors -- if maintaining an overly harsh tone will save even one wannabe investor from throwing away hundreds/thousands/tens-of-thousands of dollars, I'm happy to maintain that tone.

If they were unwilling, I would have inspected the property in detail, deducted any charges for repairs, done the repairs and returned the partial deposit.

He filled me in on some of the details of the house and he is moving out peaceably.

See this link to the IRS for further details. http://www.irs.gov/publications/p225/ch03.html#en_US_2011_publink1000217748

Can someone please give a bit more detail about the LOMA?

I can now talk circles around most folks (including 99% of investors) regarding the technical details of renovation and construction.

Are more details needed?

I need detailed electrical, HVAC, plumbing, foundation, etc.

Kiyosaki has a lot more detail in his book that you listed here.