Prepare yourself; I have a lot to say on this subject :D To begin……Come on Loan guys, your current profession is blinding you from the fact that many mobile home parks are purchased with much less than 20% down through owner carried notes.

I have no financial future prepared and Real Estate seemed to be the wisest choice for accomplishing that goal.  

The tenant might realize that it won't be a grey area and not bother stealing it.Sometimes I think being prepared and professional stops some of the tenant shenanigans before they happen.

What are you doing to prepare?

You didn't mention whether the promises made were in writing.If they were, it seems to me that a lawsuit is in order - one with the intent of driving an equitable settlement from the seller and TK company, rather than going through the lengthy and expensive court process.I'd be prepared to find that both parties have protected their assets via LLC / S-Corp or something similar, but my understanding is that fraud can pierce the corporate veil.

In my experience seller wants a balloon, so be prepared for it.

It take me abut 10 minutes to prepare a step by step guide to use the television, but anyway it's really not that techinal (Step 1:Turn on TV, Step 2: press Netflix button ;p).

Do you believe it adequately prepares someone to begin multifamily syndication?

I wouldn't talk to him about my evidence so he wouldn't be prepared if he took you to court.

For needing a POF letter that is usually something a bank asks for.If you are dealing with regular people it is less likely to come up.Even for a bank type thing you can get POF letters online, don't use them if you aren't totally sure you can close, but if you just need to provide a piece of paper to go in a file it gets the job done.However if you are trying to do REO properties you can't assign those so you better be prepared to actually buy the place and double close, or have something setup before the offer with trusts or LLCs where you selling your rights in those things.