@Collin My question whether you believe in Dave’s ideas is or not is, what’s wrong with having no mortgage debt or any other debt, and having nothing but income to invest and get very wealthy.

Inflation destroys the value of fixed rate debt - or even variable rate debt, below the rate of inflation - over time, resulting in financial gains for the debtor and financial losses for the debt owner.

I would always recommend that someone get their own house in order (which means elimination of all but low-interest consumer debt or personal mortgage) before throwing money into investment RE.We are considering purchsing a property to either flip or buy and hold with a friend which will minimize expenses.

Please post your questions here so that we may all benefit from it.I believe your question pertains to acquiring the debtor's right of redemption in those states that have a redemption period.

The truth is that inflation helps ALL net debtors because their debts are decreased in real terms.

When debtors could not meet the demands of their creditors, they were forced to sell their homes and possessions, and with money unavailable even at the legal limit of 12%, prices of real estate and other goods collapsed since there were so few buyers.

If a liability arise from inside the LLC, you can lose all the asset in the LLC but it won't propagate to the member/owner's other assets held outside that LLC (fraud and company veil piercing excluded).In case of an outside liability claim, if you own an LLC in a state where the sole remedy is the charging order, a debtor can not reach into your LLC, but just get a charging order against the distribution made, if any.

The seller (the debtor) may not like the creditor, but the fact of the matter is a judge has determined that she legally owes the creditor money, hence the judgment. 

First, since the debtor is deceased, the lender will short sale the property.

Then, there need to be no other debtors in line to collect the overage (or the laws have to support the former homeowner collecting before the junior debtor...maybe still on the books in some places but far rarer after the GFC).