Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Suggest you attend www.REIAofOakland.com event Thursday, January 12 in Troy to meet other investors to accelerate your learning.They will also be able to assist with forms and attorney referrals

He leases the current house to a wedding venue and the wedding venue wants to sell also.

We joined the Tidwater REIA, which has a lot of great folks and relevant events.  

This give maximum flexibility depending on your income, one time events and tax policy to adapt your withdrawal strategy according.I will tell you how i am dealing with the $1.5m question. 

After purchase there may be certain unforeseen events that may have precluded you from actually living there but at the time of the loan it was your intent.

@Michael B.Recommend going through the events page on BP and checking out the different REIAs, other investor groups while things are still virtual and online.I've acactually connected with some really good folks in the BP network while during my out of state travels, a phone call and local networking.

Do you attend or know of any networking events that would be worth going to around the area?

One more thing to add is your insurance claim may be denied in the event of a fire by installing an additional illegal unit.  

So, in my opinion, paying distributions during economic uncertainty demonstrates that the business plan properly accounted for these principles prior to the unforeseen economic event.