a seller may be an unwitting participant in a fraudulent transaction wherein an unscrupulous agent or a short sale negotiator working with a straw buyer will make a lowball offer to the seller and in turn misrepresent the true market value of the property to the lender."

Area was too saturated and signs got pulled quickly.CL seems to yield a great response...from autobots trying to cross sell you anything from viagara to gambling websites...and even some stuff I don't need or want.

I would check to see how much prices have gone up in the last year and I most likely wouldn't buy since you are gambling if you pay market rates for a property.

Don't know if I would take that gamble.

http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/Amazing what a difference the 2% fee average fund fee makes over a lifetime.

However, if your deemed doing fraudulent or illegal activities, the LLC might not help you.In most cases a single member llc pays taxes combined with their personal taxes.

In my experiment I was looking for something super cheap and treating it like a gambling and/or educational experience.

If anything is communicated by anyone to that lender and they spend time addressing that contract or potential sale and it turns out the contract was fraudulently made, you just caused that institution an expense and perhaps it could have led to a decision that could cause a loss to that lender, now you could be facing other charges interfering in the duties of a bank employee and banking operations, that to is a federal matter.

I have no intentions of committing fraudulent acts and still very new to homepath, I appreciate the feed back.

However, the mistake I see a lot of investors make and one that I am trying to avoid is the mistake of confusing investing with gambling.