As far as her $60,000 . . . maybe she's thinking of my statement that I personally have spent over $60k on various training courses over the years?

You're on the right track - when you get the P&L statements and other financials you can base your offer on those - structuring it such that, as an investor, it makes sense for you because you can make $ based on the the past couple years' performance and the financing you can get.

In conclusion, let me follow Steve's last statement.

Point is, there is a lot of blame to go around here, so let's not make blanket partisan statements.

As you could tell from the mix of the threads that I gathered (I didn't slant them either way), I agree with your statement that each person decides this for themselves; there is no right or wrong.Rarely does an intro post gather so many replies as yours has already, so you can see that this topic of getting licensed can be a hot topic.Don't forget to vote for those posts that you have found of great value!

Then if there are any changes to APR, the Truth in Lending statement must be re-disclosed and there is a 3 days waiting period for that (this would be at the end of the process, though.)

In my above statement, when I said funded in cash, I was referring to let's say "sweat equity from a service rendered" as opposed to a cash loan.

The case by the SEC is 09 Civ. 6829 (JSR), and googling that leads you to http://www.docstoc.com/docs/11397920/SEC-v-B-of-AWhich is the memorandum order, and it spells out the whos, whats, and whyfores, in courtspeak.But, in short, In the Complaint in this case, filed August 3, 2009, the Securities and Exchange Commission (“S.E.C.â€) alleges, in stark terms, that defendant Bank of America Corporation materially lied to its shareholders in the proxy statement of November 3, 2008 that solicited the shareholders’ approval of the $50 billion acquisition of Merrill Lynch & Co.

I agree with your statement about renting out properties that are in the midst of repairs.

And this is the important statement, I think the most on BP have not enough money or credit to choose a good area myself included.