(Trump does not use anonymous C corps - he has TRUMP in big letters on his buildings because my understanding is his attorneys use this very same technique)So the liens that strip the equity in your properties are not fake loans, they are created to truly capitalize a legal entity, hence the "economic reason" that holds up in court.Look it up on line and you will see there has not been one federal case challenging such an arrangement provided your liens were recorded "prior to" any lawsuit being initiated or filed against you.This structure saved an acquaintance of mine millions in a lawsuit on an apartment building in Chicago, where the litigants tenants wanted to slap him with punitive damages in the millions, but could not because there were no equity and if they would've won and gotten a charging order they (the plaintiffs) would've been stuck with a phantom income tax bill based on IRC 77-137Pursuant to Revenue Ruling 77-137, the IRS requires the judgment creditor in possession of a charging order to pay tax even though income was never distributed!

However, this would allow you to purchase with an LLC, and possibly offer you some anonymity while negotiating with a neighbor.

While there's a lot of good info for you here so far, here's a piece no one has yet mentioned ...Since you have no resources of your own, you're going to need to learn how to meet and attract people who can help you.I didn't see anything in your BP profile about where you are - remaining "anonymous" may work against you - but there should be some REIA groups you can tap into.

However, two reasons to use someone other than yourself come to mind; (1) anonymity.

Open a c-corp in Wyoming (for anonymity, also good for a partnership owning 50/50 as share holders)2.

@Michael Plaks @Darrin Carey I like to use the Series LLC with anonymity trusts for the Asset protection piece and it has the secondary benefit of also being pass through ("disregarded") for the asset holding company.

@Danielle Morton that's going to vary state by state and their own anonymity laws regarding LLCs (and probably how ticked off and motivated the HOA is).   

I want to create an anonymous LLC and operate in Texas.

An LLC is useful for two things: anonymity and legal protection.

@Crystal Smith It's only because I know it, well.People often make the mistake of anonymizing everything they do.