Technically they are in the grace period right now for Nov. rent.

5) What if the project is some type of value-added project that doesn't generate cash-flow in early period(s), does the preferred return accumulate until there is enough cash-flow to pay all preferred returns?

Adding a second bedroom and bath (even if it is part of the basement finish out and not an addition) as well as new countertops in the kitchen will likely require new paint and flooring throughout the rest of the house.

Kelly I looked at recruiting agent for my firm years ago.At one point I did an active campaign and had about 45 agents at my firm at one time.I have found most agents feel entitled or won't follow the steps you tell them to be successful.They will skip some steps because they are lazy and want to "get rich quick" like the rest of the population which is why so many fail.If I add an agent say on a 70/30 split then I have to take time from my own deals where I make 100 percent to make 30 with them.The training and getting over their mindset takes so much more time than me doing my own deals.This is why I have only 7 agents right now.I got rid of the rest.Many companies try the 100 percent model but you get either new agents having no experience,part-time agents who are rusty,child support demands,irs tax liens,license lapses for education and or non-payment of dues etc.It is a huge headache to keep up with for a low return.If you go the other route you can train new agents for a fat split before they leave the business or train a select few agents that you want to feed leads to on your team.I just focus now on my own investment purchases and my own commercial listings.

I think those who don't complete their profiles and give credible information about their business should be prevented from participating after a certain grace period.

I had about 20 people reply with in a 10 day period, and successfully found the current tenant through it.

They will use a service like Fed Ex so it all can be tracked and completed in a 24-48 hour period.

Just adopt the strategy "take what you need and leave the rest".

Re-invest 4% to keep up with inflation, and he would still get $80,000/year for the rest of his life without touching the $2 million.

This tenant/buyer is too much risk, we all go through hard times so unless this was all in the past during a troubled period in their lives and had a good history before and after or since have no bills and stable income it is too much risk.However to protect yourself you could always get a larger deposit to cover payments if they don't pay, make sure you check your local laws first.There are 25 million people in the United States who want to buy a home but don't qualify for financing so don't jump at the first opportunity unless it makes sense.