Obviously, the caveat would be a strong contract to prevent any disputes during the whole process.Any advise is greatly appreciated!

We are so happy to have found BP - it has already taught us a great deal and saved us money by preventing silly mistakes!

I am the founder of a preventative healthcare company and joined to absorb all the information and knowledge I can regarding real estate investing.

Sometimes I hear arguments against “checkbook control” that custodian is there to protect your IRA and prevent a prohibited transaction.

Do you place spacer 2x4/6's between the joists to prevent twisting?  

Certain ratios may also need to be maintained to prevent the loan from being called.I'm sure there are other restrictions and obligations that may arise, but these are the main ones I recall.

Perhaps these stories will prevent someone else from being ripped off. 

The credit was designed initially to prevent homeowners being priced out of their own home as property taxes increased (especially in the early 2000's).

Most probably do because of their lack of local real estate knowledge preventing them from pricing their property correctly, liability on transaction, and having bias attitudes towards their property.   

There are even formulas and charts...But after a decade I see Cap Ex is a fickle and sometimes arbitrary mistress, and sometimes you have to have the money or else (like to prevent roof failure) but other times, like with my 80's cabinets that I refinished (and they still get compliments), things can go safely and usefully past their useful life (80's brown shag carpet anyone?