The only reason to get on the paperwork is if you can make a bigger cut.

The HML has a built in prepayment penalty which is essentially making sure they get their 15% for the year regardless of completion time.

I used essentially all leverage when I started out but have went the opposite direction these past 6 years.

Essentially you coud sit on the north side of 8 mile at night time and might even get to see the crime on the south side of 8 mile.

You need someone experienced handling the paperwork/negotiations.

He's been presented with an LOI from Mr 'X' that essentially has my client as the 'front' person and the owner of 100% of the shares of a new limited company.

My advice would find a agent who you like and start working with them for all of your buy and sell. but do not pay the 6% commission that most people will ask for instead call and talk to a realtor who will take a flat fee ( yes this is legal in ohio ) and pay him/her to work the paper work for you. you could even work in a full cma into the deal so you have grounds to stand on when the house is ready to sell. just my thoughts and how i would approach it and be a little less worried about things turning bad.

We bought our first property in Aug and rented it for Sept 1 and were able to count that as a year when getting a new loan because it was on our tax returns - so essentially we were landlords for 1 year and 4 months but they were fine with it.Note that if you take a loss on your tax return that money is taken out of your regular income and will hurt you when applying for a new loan

When an appraisal is order, it is the report that essentially is purchased and owned by the party who ordered it.

I went to the $50 show for Ron's new ACTS program, which is essentially just helping homeowners do a long term L/O their upside down homes (and keeping the option money) the way I understand it.