Just as important, how does one prevent turning them off from real estate investing (i.e. doing it the wrong way)?

Sl # Links 1 https://www.biggerpockets.com/renewsblog/2013/03/19/exit-strategies-defaulted-notes/ 2 https://www.biggerpockets.com/renewsblog/2013/08/07/prevent-2nd-mortgage-notes/ 3 https://www.biggerpockets.com/renewsblog/2013/08/01/p2p-lending-peer-to-peer-lending-and-investing/ 4 https://www.biggerpockets.com/renewsblog/2013/06/19/marketing-for-notes/ 5 https://www.biggerpockets.com/renewsblog/2013/05/21/dealing-with-unethical-clients-a-story-of-deceit-in-real-estate-note-buying/ 6 https://www.biggerpockets.com/renewsblog/2013/03/28/longest-note-purchase-imaginable/ 7 https://www.biggerpockets.com/renewsblog/2013/03/05/note-buying-due-diligence/ 8 https://www.biggerpockets.com/renewsblog/2014/01/09/starting-notes-real-estate/ 9 https://www.biggerpockets.com/renewsblog/2013/11/06/bidding-notes/ 10 https://www.biggerpockets.com/renewsblog/2013/09/11/collecting-arrears/ 12 https://www.biggerpockets.com/renewsblog/2013/03/12/buying-mortgage-notes/ 13 https://www.biggerpockets.com/renewsblog/2013/03/12/getting-in-contact-with-the-borrower-the-hardest-part-of-the-note-business/ 14 https://www.biggerpockets.com/renewsblog/2013/02/26/finding-buying-notes/ 15 https://www.biggerpockets.com/renewsblog/2013/02/19/five-advantages-of-note-investing/ 16 https://www.biggerpockets.com/renewsblog/2013/02/18/cash-flow-notes/ 18 https://www.biggerpockets.com/renewsblog/2012/12/19/what-is-a-mortgage-note/ 19 https://www.biggerpockets.com/renewsblog/2012/07/21/technique-to-ensure-good-note-investment/ 20 https://www.biggerpockets.com/renewsblog/2013/01/18/mortgage-notes-how-to-structure/ 21 https://www.biggerpockets.com/renewsblog/2012/01/25/mortgage-notes-a-hard-land-ing/ 22 https://www.biggerpockets.com/renewsblog/2012/02/03/even-note-investing-has-guru-traps/ 23 https://www.biggerpockets.com/renewsblog/2012/02/17/how-a-pizza-franchise-ad-led-to-a-real-estate-note-purchase/ 24 https://www.biggerpockets.com/renewsblog/2012/03/08/gas-station-mortgage-notes/ 25 https://www.biggerpockets.com/renewsblog/2012/03/23/how-bankruptcies-affect-your-note-investment/ 26 https://www.biggerpockets.com/renewsblog/2012/04/10/real-estate-investors-consider-secured-notes/ 27 https://www.biggerpockets.com/renewsblog/2012/05/10/essential-tips-investing-non-performing-notes/ 28 https://www.biggerpockets.com/renewsblog/2012/05/17/what-does-note-buyer-seeking-realestate-note/ 29 https://www.biggerpockets.com/renewsblog/2012/06/28/collecting-first-mortgage-note/ 30 https://www.biggerpockets.com/renewsblog/2012/07/21/technique-to-ensure-good-note-investment/ 31 https://www.biggerpockets.com/renewsblog/2012/01/13/property-values-and-mortgage-notes/ 32 https://www.biggerpockets.com/renewsblog/2011/10/14/real-estate-notes-investing-selling-buying-partials/ 33 https://www.biggerpockets.com/renewsblog/2011/09/24/mortgage-notes-advantages/ 34 https://www.biggerpockets.com/renewsblog/2011/06/08/5-pitfalls-note-investing-06811/ 35 https://www.biggerpockets.com/renewsblog/2011/05/25/get-note-pre-approval-before-the-deal/ 36 https://www.biggerpockets.com/renewsblog/2011/05/18/heart-smart-note-investing/ 37 https://www.biggerpockets.com/renewsblog/2011/05/11/is-your-seller-financed-note-in-respa-compliant/ 38 https://www.biggerpockets.com/renewsblog/2011/04/20/investing-in-notes-is-not-a-one-and-done-commitment/ 39 https://www.biggerpockets.com/renewsblog/2011/04/14/a-note-buyers-checklist/ 40 https://www.biggerpockets.com/renewsblog/2011/03/24/land-contracts-buying-partial-notes/ 41 https://www.biggerpockets.com/renewsblog/2011/02/09/differences-performing-and-non-performing-notes/ 42 https://www.biggerpockets.com/renewsblog/2010/03/28/how-this-note-could-make-you-money-using-your-failures-for-success/Good Luck and Enjoy learning !

Also, to the whole idea of his partner showing the properties in a broker capacity, do you think signing the contract under an LLC they both manage and sharing the equitable title in the property/contract would prevent this from being unlicensed activity?

The loss you are taking each month will likely reduce your DTI and might prevent you from obtaining another mortgage in the future.

Keeping in mind that I should “walk away if the numbers don’t work” and that “There will always be another deal around the corner” will prevent me from becoming too anxious to make a purchase.

It's not what you say, it's how you say it".THAT is what prompts legislation to prevent contract assignments in real estate, an otherwise perfectly normal, legal and common business practice.What Stan is talking about sounds like a hybrid between contract assignment and "back-to-back" closings.

At worst it seems to be a battle of some huge egos that is preventing something that could be a game changing, quantum leaping type of institution from ever getting off the ground.Just trying to understand what is happening here?

Not saying ya'll won't be together forever but it might prevent some fights along the way. 

Pre screening them and explaining the process might help prevent getting into a situation where they back out.

I want to reinstate the loan and use a loan servicing company to deal with collecting and disseminating payments for as long as I keep the property while trying to walk quietly to prevent the dreaded 'due on sale clause'.