That lawsuit is a claim for fraud, and that’s what fraud typically is...a misunderstanding and someone being “injured” and wanting to hold the other responsible for it.

If someone injures themselves and sues, they will be suing the LLC and not you personally.

If someone gets injured wouldn't it still come back on the property owner? 

That means it's up to the injured party to sue the wholesaler.

Section 5-15(a) of the Act provides:It is unlawful for any person, corporation, limited liability company, registeredlimited liability partnership, or partnership to act as a managing broker, real estatebroker . . . or to advertise or assume to act as such broker . . . without a properlyissued sponsor card or a license issued under this Act by the Department, eitherdirectly or through its authorized designee. 225 ILCS 454/5-15(a).A license issued by the IDFPR certifies that the real estate broker has fulfilled all of therequirements of licensure under the Act. 225 ILCS 454/1-10.As of December 31, 2009, the Illinois Real Estate License Act of 2000 provides for a privateright of action when private citizens can seek to stop the unlicensed practice of real estatebrokerage. 225 ILCS 454/20-21(c).Other than as provided in Section 5-20 of this Act, if any person practices as a realestate broker, real estate salesperson or leasing agent or holds himself or herself outas a licensed sponsoring broker, managing broker, real estate broker, real estatesalesperson or leasing agent under this Act without being issued a valid existinglicense by the Department, then any licensed sponsoring broker, managing broker,real estate broker, real estate salesperson, leasing agent, any interested party, or anyperson injured thereby may, in addition to the Secretary, petition for relief asprovided in subsection (a) of this Section.

SegmentUse the right lure for each fish species.Throw the little ones, the sick, the injured and the radioactive ones back quickly.Track and measure.

But I was injured and unable to walk when I bought first property with crippling debt and my wife making minimum wage. 

If someone gets injured there, you may be sued.  

Thanks for new insights and options Mohit and Amy...we got used to spending so much on vacation and eating out and all splurges...overspending our budget..until I got injured at work last year and herniated my disc..I was out for a while...unsure if I can get my life back.It was a big wake up call for me.Now I would like to put every single cent that I'm gonna make in REI..I know it's not too late.

There was a party on too many people got on the deck and it collapsed, I think a couple died and several injured.