they perform a service and are compensated.not trying to be critical, just trying to protect you as you get started.

Leverage the Power of LLCsEstablishing a Limited Liability Company (LLC) for your real estate investments can offer both legal protection and tax benefits.

By recognizing the signs and implementing effective preventative measures, landlords and property managers can protect themselves from potential scams.

Look at median household incomes, look at market economy base and diversification, look at what's being done to protect and grow economic performance, just run the #'s and the message should be crystal clear. 

They will be more focused on finding a buyer for a deal vs what date the DD ends and EMD is owed to the seller and most likely not be cancelling the contract or extending the DD to protect the lenders EMD funds. 

How do I protect myself in this situation, while also helping a relative? 

On the other hand, pros include increased cash flow, engineer-based data for the clients CPA, audit protection (with the right firm) and the ability to deflect that recapture fee with a 1031 transaction.

Also, what if I hold financing in my personal name on some of these properties and I have simply moved them to the LLC for additional libiliaty protection where as I have to move them in and out of the LLC when I refinance?

While an LLC offers liability protection, it does not change how taxes are reported unless treated as a partnership or corporation.

Not sure I would invest in places without such protections as I see this on BP in a lot of places (i.e.