Speaking as a CPA, I have many clients who do the books themselves, but I end up spending several hours at the end of the year unravelling their work and redoing it properly.  

They had commitments on lots and presolds, but as the economy unraveled, people backed out.

Some of these strategies are effective however in getting creditors to settle for less to avoid the time, hassle and expense associated with unraveling the asset protection device.Finally, the reason that transferring asset ownership to a friend, selling your assets for 25C on the dollar to your brother, selling your assets to someone and receiving an annuity in exchange, do not work is because they will be considered by a court to be a fraudulent transfer.  

@Bret Kennedy there’s a lot to unravel here.

The biggest due diligence piece on these for us has been unraveling their financials.

@Bryan Hua There is a lot to unravel here so let me take my best stab at it.1) Short answer, yes.

Having to unravel this kind of stuff would be largely avoided.Good luck on this one. 

Lets things un ravel.. 

Its already been done once, in 2000-2001 we had the tech crash/ 9/11 and things began to unravel.

You have plenty of knowledge to begin.What you view as your potential risk (ending up stuck with a home you can't sell and forced to take HM) is not really accurate.If you are trying to organize same day back to back closings, you will not get "stuck" with the property.The transactional lender wants to guarantee his money so he will inform the Title Agent not to disburse funds from the A-B closing if the B-C closing does not take place the same day.So if the B-C falls apart at the last minute (happens often), the A-B is simply unraveled and you don't buy the property.Worst that happens is you lose your Earnest Money and maybe some closing service costs and a bit of your reputation with that Loss Mitigator.