Great questions and responses.

Being flexible in a way that still protects your investment can help build a better relationship.However, if they’re not responsive or don’t show good faith, you might need to take a more formal step, like issuing a notice to pay or quit.

Hi Dustin, All bridge and HMLs require an LLC as they are business purpose financing products.

This is because there is a greater likelihood I become personally responsible for making payments on the $80K loan

So far he has been very responsive and goes over and above for sure.

Even if the property owner LLC is named as a co-defendant for construction related liability if you implement the steps I mentioned in my earlier post,  in most instances construction related liability can be deflected to Builder or responsible sub contractors. 

Readers should seek professional advice.Thank you for your wonderful response, Ashish!

I think they just get NV corps for tax purposes maybe but they are not legal... and many are out right scammers..  

@Mike Sferayou got some great responses to this including from @Kevin Sobilo and @Bill B.there is no right answer to this question.right now, i am looking to minimize outlays on rental properties, and am having success with seller financing. 

So, successful agreements (those that “stand up” when tested in court) have the spouse without the assets receiving a significant lump sum in event of divorce,For smaller sums of money/assets alternatives to prenuptial agreements may serve the purpose best.