The main thing also to consider is how dry a basement is. 

@Owen Dashner thanks for the kind words, the "grey hair" generation such as yourself has been instrumental in my progress! 

All I was told was that funding dried up.

Your impressive loss of weight and ability to regenerate hair is truly impressive!

That 'other' land trust company absolutely blew it on the closing process causing us all to lose some hair during that period, but we did exit the deal with a great profit.  

Summer is dry here and fires are a real concern so I say nope.We have a $500 security deposit and it is clear that I will keep it if you smoke anywhere on the property.

Because the entity you could go after, who has little capital to go after, sure you could put them out of business, and wouldn't ya know it 24hrs later that property is now under a new same/similar enhanced NNN lease arrangement to a new separate operational party who took over for the now bankrupt entity.And what attorney is going to burn through thousands of hours, trying to go after "dry wells"? 

My only experience is with non-payment of rent, and to me that's very cut and dry.

FYI in cleveland when the city sees the owner as an out of state entity you are put right in the cross hairs and they will literally go measure the grass and fine you and make it a criminal offense. so in cuyahoga county yes i agree to use a LLC but I would do an ohio one.

As you can imagine capital starts drying up quickly "trapping" 20% into each unit.