ya there is going to be some spectacular flaming crash's coming up with these folks structuring these deals this way.. hard to use Facebook as your deal structuring bible.. so much is just total ignorance and then its propagated.

There is ONE takeaway from my post.STOP feeding each other or propagating the idea that you need to cold call, bandit sign, DMM, SMS, or use lists, to get deals. 

You can loose ALL the asset of one LLC, but the concept is to avoid propagation to the other LLC.

LLC offers 2 kind of protection: Inside protection (liability arising from inside the LLC should not propagate outside to your other assets), and Outside protection (liability from something outside the LLC should not touch your assets inside the LLC).The Inside protection is almost identical in every state.

These kinds of claims are only propagated by scammy gurus to sell you their coaching.

As a former teacher, I've seen how bad things have become in the past decade, and it isn't going to get better any time soon.What's worse is that popular culture is embracing the misuse of words and the media propagates it as well.Its the dumbing down of American Society, and it is happening in front of our very eyes.

Take a bit to propagate the new image throughout the site.

Given all the marlaky that's propagated about real estate investing (e.g., rents of 1% will make you money, real estate never goes down) I'm surprised we don't hear more of this.The guy points a lot of the blame at the guru who sold him this approach.

Hey all - Our PRO page was previously was only a chart of benefits -- we spent some time to make sure our users knew the real value that came with the account by putting in a lot of detail to help you better understand the upgrades.Thanks to our hundreds of PRO members for upgrading already, and if you haven't done so already, now's as good a time as any to do so and see the full benefits of our BiggerPockets PRO accounts.

The "everyone needs a place to live", along with "they're not making any more" are two dangerous fallacies propagated by people with a vested interest in selling real estate or training.