He explained that to be legal, the notes should contain interest, if not, the IRS will impose imputed interest.

Instead, we email a much more specific demand letter containing the items I listed in my response to you in this thread: Promissory note payoff issue with title companyInclude your wire instructions.

It explained that the sale had happened and contained our contact info.

And assume that the red column contains the most important selection factors.

I am curious if a scope of work that contains "refinish hardwood floor"  is ambiguous and thus open for a variety of interpretations.My understanding going in was that the phrase "refinish hardwood floor" involves sanding the hardwood floor flat, probably using a drum sander, often, but not always staining the floor, and then finishing it with multiple coats of polyurethane.

Is there a limit on the number of properties an LLC can contain?

More baffling is the loan folder contains an appraisal that somehow justifies the high price.

@John DeMayo - A 4 BR in my neighborhood near Glen Park would go for $4K, but Vis Valley is a working class hood containing the city's largest public housing project.

The local newspaper and local news broadcasts will likely contain stories about new economic development that may be planned for the area.

But a simple search should reveal the various lenders out there and contain some info/feedback.