It actually went to auction initially on the 8th but no bidders except the starting bid which I believe was the bank.

Do not rely on it for legal advice.

They didn’t and according to him, that gives me the right to pursue the previous owner legally.

Not much in terms of online reviews as far as I can tellI invested in a lot in Colombia a few years ago and have yet to see a payout as illustrated in their initial pro forma on my $30K investment.

Which is better way to legally structure the properties for protecting assets against tenant lawsuits.

Because now, legally, they have to disclose that if this all falls out.

What is the legal mechanism?

This is obviously much better than $1,400 per month.On top of that, you will now get 2x the depreciation write-off so your taxes should go down.On top of that, you will now get 2x the appreciation when real estate price go up.On top of that, your tenants are helping you pay down the loan, initially at about $100/mo for both properties, which gradually gets better and better.On top of that, you now have more units so if one or two goes vacant, you have more renters covering the losses of the vacant units.If you want to keep these properties, I would do a cash-out refi and go buy more rental real estate.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.