Was having a fun, purely academic conversation with someone and somehow the topic went from the stock market, ETF's, to real estate, to BRRR's and either he or I or both us came up with this and wondered is this a legit strategy that others have used?

While you’re at it don't forget to set up keyword alerts for topics that interest you: http://www.biggerpockets.com/alerts If you haven't already, also check out The Beginner's Guide (http://www.biggerpockets.com/real-estate-investing), it is packed full of great info. 

I want to better understand the topic and be able to talk to the Hospital and set a contract to house their nurses.

@Mike WellsNormally the price of any project, including tax preparation, is discussed up front.These two posts may provide some insight for the future:https://www.biggerpockets.com/forums/51/topics/998718-explai...https://www.biggerpockets.com/forums/51/topics/1088325-expla...

I am interested in this topic as well. 

Though my real estate business focuses on multifamily housing, this topic resonates deeply with me.I remember talking to my father about why he lived at home after graduating from college in the 1950s.

@Jeff StevensonHere is that thread about llc lawsuits you can see plenty of opinions:https://www.biggerpockets.com/forums/926/topics/1151922-than...

Here's a longer form post about my situation, but i'll summarize it below (https://www.biggerpockets.com/forums/41/topics/1163859-hoa-f...)

Drop in values don't cause defaults, overleveraging however... well thats a good topic.. 

1 YearI'd like to expand on this topic.