I think i’m experiencing some anaylysis paralysis (the feeling of being unable to start something due to overthinking and/or over researching the situation.)

If you did not and it’s unsecured debt you could be out of luck on some or all of the money as depending on his situation unsecured creditors in a bk may receive pennies on the dollar depending on what he can afford and if converted to a ch 7 you would get wiped out.Even in 2nd position he could argue the property is underwater and wipe out your lien.

Hey Nicholas, sounds like a pretty sweet situation you are in!

They skip that property and send someone to verify and come back to it later after they know if they were paid or not to avoid a situation like may have happened in your case.

A PM of worth at let's say yr7, has done hundred upon hundreds of listings, and dealt with a range of properties and tenant situations most transactional agents will never experience in their entire life time.

This increased the average density by 50% and opened up opportunities for multifamily and ADU to be built on almost all residential zones.In a situation like this, new opportunities are bound to present themselves to homeowners and to investors.

I'm not going to do anything at this moment, but if I do not hear anything, I was simply just wondering what the options were or if anyone has had this situation before.  

My CPA has never suggested LLC's for my particular situation. 

This is a scenario where you really need to be comfortable with the technology and situation and matters less about others and their ideas.

So, in theory, you would be covering all bases.I'm not suggesting anything, but hypothetically, a person can do this.Hey Calvin - I get what you're saying, but DSCR loans can actually be a great option depending on the situation.