There are some methods that provide better name protection, but a land trust won't protect you completely.Generally speaking, I advise talking to an attorney when you are contemplating different business entities.

I think that idea of level/severity of risk is an interesting one to contemplate.

When I start buying notes, I know balloons will look extremely desirable to me...Bob-I would not recommend that you structure your note in the way that you are contemplating-if you want 80 cents on the dollar.

But if it gets you to the end to the transaction as contemplated and as agreed to, the validity is irrelevant.....well, unless something comes back to bite you later on from some illegal activity. :)

However, in your case if you're contemplating a co-signer you may be more successful in forming a 'local area' partnership.

I see a lot of people contemplating if they should invest in Trenton, just to keep you guys updated as of Dec 21st 2021 Trenton proposed plans for major redevelopment and revitalization of the city called Trenton 250 where they are looking to push major redevelopment to bring major life to the city of Trenton you can read up on it Trenton250.org also there’s a approach map of the zones where there looking to have investors focus to start pushing the plan forward to bring the city back to life… links below your welcome 🙏🏽Trenton250 redevelopment plan ) Approach map Trenton 250

Can they legally sell you the property or offer the contemplated seller financing? 

I'm contemplating removing the LVP and plywood to refinish the original hardwood.

However, I am contemplating whether to retain our current 5-bedroom single-family house or to sell it.

As I'm trying to approach this with a solid strategy, here's where I stand and what I'm contemplating:1.