Then understate costs. 

Those "projected" rents could be totally whimsical, the proforma could understate expenses, etc, and you're buying the apartment today. 

So now I have look for a lender on my own under (Stated income funding).I am in contact with "Steve Olson" not Marco. 

They both understate the amount and regularity of costs.

Seem like they would be protected by the management company llc, versus the owner operating as a sole proprietor.But as a sole proprietor I believe, correct me if I'm wrong but I believe he or she would have full exposure of all personal assets to the lawsuit less What is protected under state law from seizure (Texas has pretty good protection laws for residents).

@Matthew CarducciThe Land Trusts are pretty time consuming to work on since they require to be formed under state law and collaboration with the country the property is located.

What follows is my general understating, as a layman,  and personal opinion.The most obvious thing is not to misrepresent yourself as agent or broker, as someone who represents anyone in the transaction.

You agree that we may make a fixture filing, if we choose, provided that you and we agree that we may enforce rights in the Collateralized Goods under the Uniform Commercial Code and not under state real estate or mortgage law." 

Set up properly under state law2.

I guess we have a little honey hole as we have 17 sales in my development currently .. however I think the paid for personal resi cant be understated for the safety and secruity of our citizens and our real estate market as a whole.