As a slightly less zealous defender of out of state stuff than @Ali Boone , I guess I'll also say that I don't really care where the houses are, as long as the numbers are right.

@Linda D.Every single post you've ever made on BP - every single one - has been for the sole purpose of staunchly defending NRIA!

Go ahead.The lawsuit would then be turned over to my insurance company who would foot the bill to defend against such non-sense.

We have had "defenders" of such claims on BP in the past, that investors are not required to follow generally accepted accounting principles, true, in their accounting system, but they are when it gets to public investing or applying for financing, so the only reason to have a double standard would be to puff or inflate claims.

Insurance will defend you against claims and pay for a loss where you are liable.

Title insurance is a title insurance company’s opinion, after reviewing the title documents, that “marketable title” is vested in a particular individual and if another party makes a claim on the property they will defend the title of that individual against that claim.

Well, @Andy Bui, keep in mind the advice you get here is worth less than you paid for it.Those professionals who you think charge big fees are backed by a license and a big ole malpractice policy standing behind their advice.No one on this board who tells you how to setup an entity or structure this or that is going to stand up with you in a court and defend those recommendations.Sites like this are a great source of ideas, research and learning.

I would suggest using Champions School of Real Estate.

Many things are clues... like if one of the the defendants is a bank.  

There does not seem to be a proper risk evaluation for the asset nor the costs of defending a breach of contract.