A sad statistic is a majority of professional sports players go bankrupt within years after leaving their sport.

That way it doesn't matter if you sell, dissolve, or bankrupt the LLC, he can still come after you.

They stalled around and kept telling me they were working on it, right up until they went bankrupt.

I guess it depends on the size of your portfolio.. at one time we had 350 homes.. that would be a little wild to have 350 LLC's and do 350 tax returns..I had a partner that insisted on some new builds we were doing.. that each be its own LLC.. so there you go own LLC own checking account separate tax returns.. by the time we got to about the 5th one he said screw that this is too much work.plus you cant just bank rupt an LLC if you do they come after you personally.. these do not protect you personally..  

Youll hear the horror stories of simple questions bankrupting people.

He had already gone bankrupt due to a bad divorce but never stopped blowing money esp. with the Mac Tool guys $9,000-$15,000 for tools/equipt. each year @ 19%. 

This seems like a crazy way of doing business to me and I know dealers that have gone bankrupt over getting into such agreements with park owners.

Just the same here in Germany if our owner company must put in each unit 5k Euros for a new tenant we would be bankrupt but we are still on market since 20 years.So Greg maybe you have unluck with a tenant but without trashing the place you would never reach your noted $7k.

They told me that this builder recently went bankrupt after their in-laws luckily had their house finished.

Covid has caused numerous restaurants and businesses to go bankrupt and shut down, the things that drew people to city life are no longer available, that will also cause an exodus, especially with no real end to the SF lockdown in sight.