This type of scam is definitely not done by an amateur; retaining your former landlords bank information is not common.

@Allan Rosso I'm admittedly a complete amateur on the subject, but I believe the bank now owns it.

I then realized in a few months that 1-40 unit deals had horrible pricing because all the amateurs were involved and the ones that looked good from a per unit price prospective were under 80% occupied and had ISSUES.

Or do you want to keep being an amateur?

Attorneys (want your money), YouTube gurus (want your eyes), and amateurs (don't know any better) will all insist you set up an LLC for asset protection.The truth is, you don't need it.

Money part is one thing, but what puzzles me- is  inspite of soo many people, professionals, amateurs and all in between, BP (or any other community outside) has not really helped me with some of my specific questions about RE business.

Amateur (free) Pro ($15) Guru ($10,000) ..must be auto debit from 401k or savings to qualify.

Disclaimer: Amateur investor opinion here. 

Amateurs talk while the pros make money. 

Thanks in advance to everyone, and hope these questions aren't horribly amateur.