All that being said, I encourage you to be transparent in your transactions with your sellers in order to prevent any sort of closing table drama.

My guess is that was preventable in most cases with tenant selection.

PS- Having a very good lease is another key to being successful because preventing them from just walking out is another important key to keeping vacancy down. https://www.biggerpockets.com/renewsblog/2015/10/1...Good luck!

I spoke with the listing agent today, who confirmed there is nothing placed on the title to prevent the buyer from re-selling the home.  

Its great to see that you dont let your personal circumstances prevent you from trying to improve yourself.

Have a 3% earnest money refundable if you cannot get a mortgage after 12 months.Before signing I would do a property inspection report and be satisfied with the current conditionLastly, to prevent the seller from not paying the mortgage, I would use some kind of payment collection company like www.notecollection.comIf you do not have the 3% for the lease purchase arrangement, I would try to get a lease and a ROFR, A right of first refusal, so the landlord will not sell the property from underneath you.

With that being said my credit isn't good (preventing me from owning just yet) but Im tired of sitting on the sidelines and waiting while I recover financially.

Also, you would have the property under contract before you market to your buyers to really prevent this from happening, so you would legally be allowed to sue them for doing so. 

That prevents piercing the veil.If you are the sole owner of both LLCs there are no tax implications as the IRS will disregard the entities for taxation anyhow.

hi i have a property that's been in my name for less than a year , will this prevent me from getting a FHA loan to purchase another property ?