If you do a lease sandwich and you do not file it of record then medicaid or even a medical debtor can file a lien on the property and strip out the equity you hope to gain buy buying the property. 

In BK, any excess equity in property can be taken to sale to cure debts outstanding, even with installment contracts and any DIL filed just prior to BK would certainly be nullified as disposing of property will have issues, not only for the debtor but the creditor as well, that's not a good course of action.

In doing so, the court described Credit Suisse’s $375 million loan to Yellowstone as “overreaching and predatory.†“The naked greed in this case, combined with Credit Suisse’s complete disregard for the debtors or any other person or entity who was subordinated to Credit Suisse’s first-lien position, shocks the conscience of this court,†Judge Ralph Kirscher wrote in Wednesday’s interim decision.

But a C Corp is not that great for asset protection purposes because a person who acquires the debtor's shares gets all the rights of the debtor whereas a person who acquires a debtor's interest in a partnership or LLC does not become a partner or member.

Here are your two primary hurdles:1) Contracting to buy from a seller who has no powers to sell2) Unknown debtors and unsecured creditors (like Medi-cal) whose claims may overshadow and actually be greater than the equity in an estate consisting of an otherwise free and clear real property.Good luck and go make some money!

So as long as your invested making more than 1.2%, whether with debt or without you are hedging (out running) inflation in some degree.

The estate has to be closed and the debtors paid.

So in your example, if you qualify for $150k in mortgages, but your rentals pull in enough to cover the $150k, then you will be able to buy more after the purchase because your rentals will "zero out your debt" or cover your debt.  

The borrower my need to notify them of a new member in the LLC, especially if you own a certain % and they may want you to guaranty the debt or they may even disallow it. 

Debtor obviously knows they abandoned the home.