We renovate and sell some houses with fuel oil, propane or electric furnaces, but only if there is no natural gas available.

Lenders have data beyond that contained in the MLS, they have thousands of contracts, bids, price ranges, market levels, as well as historical data that an investor is never exposed to.

Jones, in the right market conditions, where there might be a willing and able buyer, having sufficient knowledge of the property and market, where bot of you deal in good faith, after having this property exposed in the market for a sufficient period of time, with consideration being paid in its cash equivalent it is then possible that this property might sell for $100,000.00, but my signing below, you are agreeing to sell today, without any other conditions being required for $75,000.00" What's so hard about that?

However, in this scenario I’m still named personally on the loan which, according to my attorney, exposed me since loan payments will be made to my personal loan from the LLC (corporate veil pierced).

As i said, the numbers look good, but because i've only been exposed to the Cleveland market for a year i felt like i could use an advice from experienced investors.By the way - this is the article that i was referring to, and what made me worry about my investment strategy: http://www.biggerpockets.com/renewsblog/2014/02/25...And to be honest, i can kind of relate to it.

I have one last one on oil, I plan to change it out to a 90% efficient propane boiler at turnover, which hopefully be for years.

If you are an electrician and you leave an exposed wire that electrocutes someone, your LLC is not going to protect you.

The only relation is the mortgage lending that is not subject to any lawsuit.The positive sides of this approach are . . .1) Lawsuit risk is only on main LLC with limited equities exposed.2) Majority of the asset value are very safe with the 2nd LLC.3) No management contract and checks needed between two LLCs.2) Little or no insurance is needed for the 2nd LLC.4) Terms of Mortgages can be arranged in favor to our cash-flow.5) Accounting and Tax to file for the 2nd LLC is very simple to DIY.I appreciate any opinions and comments of all aspects, especially the negative sides.

he has the power to do this until i have a certain amount of exposed debt with him, just like bill mentioned.

I will also add that private loan investors or non-institutional loan investors are very much exposed to this pricing in the market and there is not two sets of pricing out there.