I guess that makes us official real estate investors. 

Keep it simple and buy it in your name, with the proper insurance in place.

Also, putting something on paper looks more official and helps do your bragging for you.

His scenario is happening in Macau.Perfect time to raze Circus Circus and Tropicana.I will now make the official announcement the World Series of Poker  aint happening this year. 

While setting up a company is not absolutely necessary to do maintenance on properties I own, it (along with the proper licensing) allows me to do work on homes I do not own.  

The 'proper' way of fixing this is to remove every speck of this old dangerous wiring and replace with new 3 wire with proper ground. 

I don’t think you’ll find a loan (all commercial loans at that size) that will let you officially owner occupy this thing.

If he is asking you how he is going to get his money back that's a huge red flag to me, as any lender should understand how collateralization works and the documents and procedures he'll need to go through with you and the title company for that all to work properly.

Its not an official moratorium but as far as I can tell, effectively does delay any court proceeding like this.

I could hardly contain my excitement, as I officially embarked on my flipper journey.