Consider Hiring a Legal Expert- German property law can be complex.

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Q2 is most important: If the mortgaage is upside down, it would have to be an approved short sale and that could take a very long time to rectify.

Lending capacity should only matter to those with large borrowing needs and require large legal lending limits but that wouldn't apply to hard money lenders anyway.

Legal Entity Considerations: Should I hold my rental properties in an LLC or trust for liability and tax benefits, or does it not make a difference for me?

Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).

I am starting the legal process as we speak and depending how many more we can make this a class action law suit. 

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An LLC is useful for two things: anonymity and legal protection.

Legal RequirementsIndiana landlord-tenant laws are generally landlord-friendly but require you to be diligent.