When you hit the inevitable bumps in the road, when you are worn down by the hard work and stress not having cash flow will either bankrupt you or turn you off investing entirely.

As we are in the Silicon Valley, some of our tenants  who in this case could be considered "Upper Class" have been from tech companies with substantial wealth/income but morally/ethically bankrupt.  

The consumer would be bankrupt before it ever entered a court room.

If anything happens there and tourism stops, the country is bankrupt.

Remember to take a look at the State Income Tax Rate - and this rate will be going up since the state is practically bankrupt.

OMG, that ***$%^& let his brother go CH 7 bankrupt?

The at risk amount here would never bankrupt anyone (god I would surely hope not) so the findings of Round Two in this case doesn't matter much, other than all those reading the Tenant Forum have be cautioned on what NOT to do.Here in Calif, filing for an Entity is an annual $800 fee, so not filing would cover the 'lost' from this case in two or three years (actual deposit in question never stated) - - some $15,200 in my 19yrs of no law suites.IMO, advocating an LLC as protection in this case is laughable. 

Some may ask why only $125k ARV, I'm pretty knew at this so I'm simply going off of what my realtor is telling me based on his knowledge of the market.)Plan would be to refi cash out and rent, clearing $240 monthly cash flow and approx $18k cash in hand.Here's the problem, the builder went bankrupt 3 years ago after building only 2 of the 16 slotted buildings.  

The only way to not pay a judgement is to go bankrupt.

You will end up bankrupt.