LLC offers better legal protection.3) Setting up in states that allow your identity to be hid is also overblown.

Not sure if that is still legal or even translates in today's world of everything online but seemed like a good screening tool to me at the time. 

This second defeat at the ballot seemingly left WIP with few options, and it was looking like they way overpaid for this land that in it's current legal state could only be used as a golf course or park. 

A financial calculator and legal pad might work in the hands of someone who knows what they are doing, but that doesn't mean it's the best way to do it.

Is it legal to offer to rent the property back to the homeowner who already lost their home to foreclosure when negotiating the redemption rights purchase? 

From a legal standpoint, sure, it's not much different other than the paperwork and govt red tape.

I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

This eviction altogether cost me $20,000 - legal fees, lost rent, and rehabbing.

There are some legal considerations as well as practical considerations 1.  

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?