It wasn’t until after my first CCIM course that I realized how much I enjoyed investment real estate and the analysis that is involved.

From my limited understanding and searching around on google, it seems appraisals are mainly important when there is a loan of some sort involved.

I called VRM and they confirmed that they are the new lender on this program.

They have a lot of plugins & addon programs that help, and you can easily track leads, assign tasks, & have a history of your contact information.Check them out @ force.com

I believe while this seems to be an issue in some areas a better way in all areas would be to use a Warranty Deed or if the is financing involved, a Special Warranty Deed subject to the existing financing.

For example, as mentioned above, all employees of e company must be afforded the benefit of ownership, not just the primary shareholders.It's these smaller rules and regulations that many of the ROBS program providers may not be following, as well as some valuation requirements that aren't necessarily met by self-funding a company.

How they specifically adminster a program will vary somewhat as the interpret HUD guidelines, for example, how strict they might be on inspections.You can rent a unit for what ever you like, but charging more because someone receives assistance will land you in trouble.

Now thanks in part to all the complicated contracts and disclosures involved, many buyers/borrowers don't have a clue as to what they're signing, and hence the isues with mortgages!

Seems an LP entity would allow me to limit their active involvement of the business.Thanks for all the input.

The down side to that being if he doesn't cooperate, I have to involve the magistrate.