By the way, how much does it cost to get a BS degree for a job that pays $40K ...1000K with stduent loans that you cant even bankrupt out of.

@Natasha Keck  my point is rental guarantee's if there is a run on the bank.. can bankrupt a company. its happened many times.. also I am not so sure this is not selling a security.

if I were to buy a tax lien home in an auction in Texas, and the original owners went bankrupt in the 6 month grace period, would the house be able to be seized from me?

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

Now I might take a loss and it might hurt my feelings, but it wouldn't bankrupt me or anything.

A billionaire appears to have went from 30 billion to bankrupt in just a few years.Billionaire 

Either we stop all the money printing and everyone is bankrupt, and we don't, hyperinflation results, and everyone is bankrupt. 

Definitely, I just don't like debt that is permanent if that makes sense, If I don't want a property I can sell it. student loans on the other hand are forever they'll never go away even if you go 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..  

Usually what happens in cases like this is the companies go bankrupt.