Some metal bugs believe the race to devalue has begun Today's 'fed buying 300 billion long u.s. security news looks grim for the dollar.

What is the best way to form the partnership and what do I tell potential money partners so they feel like their money would be secure?

I've used flex options, but I didn't like them because if the end buyer is using financing to buy the property the amount of cash he has may be limited which limits how much you can charge him to assign the flex to him.Drawing up a PSA between you and the wholesaler doen't work if the wholesaler is doing an assignment and not a double close so I didn't find that method helpful.

Does anybody know of cases where courts have found such lines as "contingent upon partner's approval" or "contingent upon securing financing" to be weasel clauses?

But I think I just discovered a low cost and more optimal method.

The heightened security in response to the anthrax mail means they'll just end up burnt on a trash heap.

Reserve facility to include "Legacy Assets" that is currently only set up to buy newly issued securities.

It is also evident that you left out many of the operating expenses, such as management (even if you do it yourself), utilities (even if only during vacancies), office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, lawsuits, capital expenses (not technically an operating expense), etc, etc, etc.You might want to read one of the 50% Rule sticky threads in the General and Landlording topic areas.Good Luck,Mike

So neither of us have any income to secure the loan...would a bank even attempt to loan to us?

Many methods for building a list of buyers, collected for your convenience, is right here:http://www.biggerpockets.com/forums/93/topics/54108-buyer-s-list-how-to-