At least you are in the game. 

If you have proper insurance, it's usually not a huge benefit to hire a lawyer for your enterprise. 

Here are a few simple steps you can employ to stay compliant & get ahead of the game:#1 Open an LLC brokerage & get an 'LLC Sponsored' brokerage license.Most states allow you to hire a ‘sponsoring’ broker as an LLC/Corporation.

I have fired a couple just to make the point that they were less than useless and should step up their game, but otherwise if they just kind of fade away into the sunset, should I take any proactive steps?

If they can't sell the property in time, the game plan is to go a cash out refi.

Just buy a hotel if that’s your game

However, if you're detail oriented, and do a little work on the front end, this loan can be a game changer especially in the beginning of your investment journey.Feel free to reach out to me directly with other questions.

Investing in REITs it's a long game not a quick passive income, strategy.

If you enter the auction game you need to be in a position to walk-away and forfeit that deposit if during your due diligence you find out that the property is going to be a dog.

Don't skip the process in vetting this person, and be sure you can deliver; if not, he will play the "blame game."