However, it seems extremely high risk as, to my knowledge, it is unsecured and only backed by a 'promise' to repay not any hard assets or relevant collateral.    

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

Prioritize your financial stability.

Your account with hundreds/thousands of reviews is the biggest asset!  

Cutting our losses and selling was difficult, but it was the best option given our financial woes.I’d love to hear from others—has anyone else faced something this unexpected during a BRRRR or flip?

With the potential for a small financial loss on your end, litigation would certainly not be worth the hassle and expense.

And frankly wholesaling while alive and well in Oregon  compared to other states where you have a lot of inner city low value assets that primarily trade through wholesalers..

Many of your main TV companies won't pay a claim on a property vacant for more than 30 days.8) Renters Insurance: how are you going to get S8 tenant, who qualified for the program via a string of bad financial decisions, to pay for it?

As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.

I like Stessa for asset management and not property management.