For me, I'm thankful to God for family, and family comes in a variety of ways.Thankful for so many people here on BP leaving a massive trail of knowledge by contributing to this ever-growing body of work.  

The rehab costs will be released in draws after you’ve provided proof of the rehab work done.

Ifthe property is sold without discharge or release of the lien, the subsequent owner must pay the pastdue taxes and obtain a release from the IRS or risk losing the property for non-payment of taxes.As with past due ad valorem taxes, the usual method to obtain a discharge or release of a federal taxlien is to pay the past due taxes unless the statute of limitations applicable to the lien has expired orthe lien is otherwise defective or unenforceable.

That is like saying is it necessary to take a shower when you can simply just keep spraying yourself with axe body spray through the week ? 

The general public needs a governing body to oversee this stuff to protect the public's interests.

If I was a seller I would want the offer first to know someone is serious before releasing that information to someone I don’t know.

You have to step out of your body and figure out what is really bothering you.

I’m looking for a promissory note, release of note, release of mortgage, mortgage deed or warrantee deed, or any other great templates for securing, and insuring a private lenders money for WA and CA.

Perhaps most importantly, the Court of Chancery has an established body of precedent and great judges, so in the event of a dispute you will get a fair process and well-reasoned decision.  

That can be mitigated somewhat by defining an "investment period," where the fund is allowed to acquire only until a certain date, after which time any unfunded capital commitments are released and the investors are free to no longer hold their funds aside for future capital calls.