After six months they will start foreclosure if it has not been sold.This is just one example of a company, but the company can change those charges any way they see fit for their business model.

Its not only about the asset, its the entire experience and expertise of your trusted on the ground team.  

Banks are very happy with my deals currently, but I think if I did do 9-10 million this year they could flake out as they don't like clients jumping that big of gap no matter how good the deals are, but when you got a good business model, you have a good model.

Its also a great way to network with some of the other investors and realtors to maybe find whose doing what and figure out an investing model that you want to pursue.Even if you can't buy right away, that doesn't mean you can't start learning the market now.

Second - without looking at the spreadsheet, I assume that one of the base assumptions of the model is that the 401(k) will be invested in commonly available stock funds.

Great guy and we kept him as an advisor, but new home building is a different business model than flipping.  

In the existing model you only need to convince the water department to let you plug in and viola you have the information.

Coming from a completely different area of expertise, it's hard to forget what I know and learn something new, but I'm certainly trying :) 

He is an expert on commercial and may have some expertise on large MF as well.

This is a great platform to build your brand and communicate your expertise, value and goals to a prime audience of investors, lenders, agents, wholesalers, contractors, etc.