https://www.biggerpockets.com/forums/93/topics/438...Allegedly, the "buyer" took several people through the property as "inspectors".

The foreclosure process is allegedly well under way, and slated within the next 90 days.  

@Allana AlexI’ve been allegedly seeing similar “bad” deals like this going on.

@Cameron Crossley@Chris Mason nailed it.

If LLC A has $2,000,000 in assets and LLC B only has $1,000,000 but LLC B gets in trouble -- lawsuit from a tenant alleging negligence on your part led to her falling down an improperly maintained stairs with a baby, and this led to her and the baby all sorts of injuries, cracked skull etc..If the court enters a judgement of say $1,500,000 against LLC B, the most you can loose in whole is the $1,000,000 of assets in LLC B.

@Cameron Crossley - you can qualify for owner occupied financing over and over again.  

Our manager at the job I used to work when I "traded my time for money" had a household income of probably $350,000-$400,000 per year --- she couldn't afford to go out and buy lunch two days before payday because she didn't have ANY money - she was flat broke - they spent every penny they made on cars, jewelry, clothes, purses, suits, watches, eating at expensive restaurants, etcAs you see, every persons situation is different - as @Ryan Cameron said, the first step is to work on getting your expenses under control- that makes your goal much more obtainable in a shorter time.I had a good job with great benefits, but I had other interests that I wanted to pursue - and I hated going to work every day - so I started working on leaving my 9-5 job - between adding income with rental property and reducing my monthly expenses, within a few years, I was able to leave a job I hated and spend my time doing whatever I wanted- As Thomas S. mentioned, a job is nothing more than trading our time for money - well, Time is the most valuable asset I have - and I wasn't willing to give it away so cheaply - my Time is more valuable than money - You see, it doesn't work in reverse, I can't buy more Time, I can't inherit more Time --- money is easy to acquire, our time is limited. 

If you want to ask questions of us, that is more than acceptable, but to direct statements at us that may come off derogatory or disparaging is unfair.These allegations are damaging to the reputation of a company that has always been open and communicative with potential borrowers.

Thanks - Cameron

Thanks, Cameron