What happens if either should fail to be true?

While yes, that’s true.

While we can afford it, it would definitely compromise being able to act on a true investment opportunity that may develop.

This is a passive investment, it’s true.

@Marquis Williams a true pre-approval includes the running of credit.

Prevents potential IRS questions later on about your true business start date. 

True flipping is a business activity so it's not taxed at capital gain rates, but at ordinary rates.

Easiest way to lose your wealth by violating that true separation.Banks are nearly as nervous as they were before, so some aren't kicking the tires as hard as others.

I'm an agent/investor in the Tampa Bay area and was recently having a spirited debate with a colleague over the use of Hard Money vs Cash.

In fact, I tend to do this in the shower in the mornings - BUT, I limit it to only that.If someone says they want to review it with their lawyer, they're probably buying time and/or plain ol' not on board.Have you taken the time to find out what their true need is?