So pretty much what I am getting at is that the holding company and the s-corp would never be shut down but every time I buy a new property a new llc is born and gets attached to my current holding company and when it is sold I close the Llc.I could also add your idea of 1 million of deals within a single llc before closing it to save money but I still wouldn't hold more than 1 property in an Llc at a time.Also, you had mentioned that you would worry about people who could come back and sue me but I feel that with all of the proper liens that I make contractors sign, all of this together would protect me.Now you also were worried about intermingling funds but it is a known fact that each llc can't be tied to another because the llcs sole purpose is an asset protection entity serving to protect it from any lawsuits thus like I said before the holding company pulling in all of the funds wouldn't matter.But I want to still get your opinion on this, thank you. 

As a last resort you can file a lawsuit which will hang over them  - that is your only point of leverage. 

hey Danielle thanks for responding, so i looked up the zoning for the area where the property is and it came back as residential high density which i believe is what i am looking forso is that based off 1 unit/ per a certain amount of space such as a half an acre or less I'm happy to know some one has done the conversion, the illegal apartments seem like lawsuits waiting to happen

The nature of the business will be such that lawsuits and claims are expected.

There's a very old knob and tube practice called a "California three way" (neutral leg was opened during switching) that led to many liability lawsuits, many structures still have this.

Perhaps I should start my own class-action lawsuit for myself, and the other investors using Fortune Foreclosures to find their rehab deals, who haven't been able to get their projects finished.

(A) your sitting here planning on EXTREME failure. because the only instance any of this comes to play is in a lawsuit.

This time, it is 3 strikes and he's out.I also need to show the judge, should the tenant bring a lawsuit, that I've been reasonable.   

It is to protect all your other asset in case of catastrophic lawsuit.

At this point I am thinking to ask my lawyer to threaten with the specific performance lawsuit if she doesn't want to close in the first week of March.