It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

Things they did bad which I wish I had asked more information about:Never involved in the screening of tenantsThey recommended keys for cash by waiving the rent amount buy only collecting fees which they would get not meThe cost to evict is 750-950 yet other companies told me they will include eviction in the priceThe tenant didnt pay in full last month and I was the one calling out to them and asking questions then a few days later I get an email saying something happened with the tenant and they are investigating.You get passed from person to person every week or so.No one told me when the construction was complete and so the house was ready for a week and the post to zillow and other sites was not done.It took them another week to take pictures and then another week to upload it.I was paying 200 dollar a month electric bills while the house was vacant because they left the AC running in the empty property.

Personally I am thinking 1c.

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

He's a terrible person.

@Enrique Toledo  If the seller is firm at 10% down, you can always get a personal loan for that 10%. 

Gator most of the risk is on the person providing the earnest money.

@Sean O'Keefe, Can I get a copy of the file? 

What I personally do is link the working entities with my holding which is also based in Spain.

@Antoine Black  In general, yes, it goes off your personal credit.