We did this a few months back with a tenant and has worked out fine.... there are of course a few things you must bear in mind that were safeguards for us:1.

Now, if you’re speaking about some gurus who promote subject to without safeguards to be used by people with no experience or financial ability to withstand a foreclosure action then I agree that it can be an irresponsible act.  

Operating legally is definitely not a safeguard as I provided data to the city that was sufficient to demonstrate that it had operated legally at least the last 5 years (but it has operated legally 23 years) to get maximum STR lottery entries.Note this quota occurred after the council initially passed a ban on STRs all together and pulled the regulation when it qualified to go to ballot (council must have expected they would lose the ballot initiative why else pull it without having it go to vote). 

This strategy safeguards our renowned horse farms and green spaces while regulating urban sprawl.

Finding a solution that works for both parties is ideal, but if that proves difficult, it may be necessary to consider alternative steps to safeguard your investment.Please note that this is general advice, and consulting with a legal professional who is familiar with the specific laws and regulations in your area is recommended for a more accurate assessment of your situation.Best regards, 

Unfortunately, it became apparent that most companies were seeking experienced property managers to safeguard their investments, which is entirely understandable.

From my understanding if you do have their SSN there are extra safeguards you need to keep them safe but I barely looked into it.   

It's interesting what people will do in acts of desparation.In my experience, lenders (specifically private lenders) will do what they can to work with a borrower to avoid foreclosure, which is a costly endeavor for the lender and requires time to process, usually months and months, depending on your state.Also, while an LLC is often considered a safeguard to protect personal assets, a lender using an LLC for multiple loans may have a substantial value to their LLC, which could all be at risk.Finally, if the wrongful foreclosure suit is legitimate and based on an error by the lender themselves, an attorney could logically sue both the LLC and the individual.

It is important to obtain insurance that will adequately safeguard your property and renters in addition to fulfilling the criteria of your lender.

Making a greater down payment will help you create equity more quickly and safeguard your investment in case market swings occur if property prices are rising quickly.In the end, the choice is based on your unique financial circumstances and investing goals.