Validation of debts [15 USC 1692g](a) Within five days after the initial communication with a consumer in connection with the collection of any debt, a debt collector shall, unless the following information is contained in the initial communication or the consumer has paid the debt, send the consumer a written notice containing --(1) the amount of the debt;(2) the name of the creditor to whom the debt is owed;(3) a statement that unless the consumer, within thirty days after receipt of the notice, disputes the validity of the debt, or any portion thereof, the debt will be assumed to be valid by the debt collector;(4) a statement that if the consumer notifies the debt collector in writing within the thirty-day period that the debt, or any portion thereof, is disputed, the debt collector will obtain verification of the debt or a copy of a judgment against the consumer and a copy of such verification or judgment will be mailed to the consumer by the debt collector; and(5) a statement that, upon the consumer's written request within the thirty-day period, the debt collector will provide the consumer with the name and address of the original creditor, if different from the current creditor.

The courts have become much more debtor friendly.

Corporations, in most states, cannot claim poor debtor exemptions...The answer is generally yes, if something is owned by an LLC, a judgment creditor can get at it unless you file for bankruptcy.

The only recourse in GA for personal creditors in regards to an LLC, is a charging order against debtors share of distributions from LLC.If one of us were to get sued personally, do you think our LLC "corporate veil" would be pierced and creditors could attach lien to house and property?

@David HiteI too would recommend examining the case documents on pacer prior to any bidding when dealing with Chapter 13 bankruptcies, as in most instances you will be able to get a good picture of both the debtor's income/expenses and their intentions for the property.

I’ll probably own 10-15 SFR before I go to multifamily and then like Jay Hinrichs said eventually I’ll end up investing in debt or notes

It’s also a slightly bad deal if you believe tax rates will be higher in the future to try to pay off Our debt or prevent social security Medicare cuts.

Not sure how a Chapter 13 debtor would have the cash to pay in advance.  

It's perfectly ok to want to be more conservative and keep more cash on hand and not have debt, or to leverage debt to fund your investments as long as you know the risks involved. 

They lose significant points for having judgments that are anything other than consumer debt or medical (I overlook those), and they lose more points if they owe more than $2K in judgments, to get to the magnitude.