Folks putting in place multi tiered LLC structures to protect against the hordes of crazed invading barbarians lining up purportedly to sue them (in their most active and vivid imaginations / delusions).

What matters is that (a) they did it in the name of Islam, however misguided they may have been, (b) their entire training was through extremist Islamic indoctrination and (c) there was widespread rejoicing by other Islamic nuts after the tragedy.I have no doubt that the majority of Muslims do not support the nuts, but we cannot claim that the act did not have a purported Islamic justification.

I picked up a package purporting to have a videocassette of child pornography.

The 2nd argument breaks down very quickly as has been clearly demonstrated.THAT is what O'Donnell was purported to be claiming I guess...and it is idiotic as you have now finally conceded.

I *am* taking a very close look at leveraged positions to see how sustainable they might be in a hyperinflationary period.I don't purport to really understand it all ...

The information in this thread is priceless to someone who is still at the researching phase of their journey, as it gives you an idea of what NOT to do that many of these "gurus" will purport as best practice.

@Rajiv Gupta I know you posted this a LONG time ago, but it is still a very relevant question for a lot of people.Contrary to popular belief, there are very few ways to have a diversified RE portfolio that is 'passive' with minimal risk.RE is a business.There are many gurus out there purporting that you can buy turn-key properties, etc. that are totally passive, but most of them are full of it.What it sounds like you are looking for, is either to buy NNN properties, or invest passively in syndications.Now, this was posted over two years ago...so I am curious to know what have you done since then? 

They are purporting to require income info. after a loan is closed.

The seller provided a very well laid out spreadsheet purporting to be of his income and expenses for 2005, 2006 and 2007.

And when the the MSA of Cincinnati has100,000 more people than that of the Columbus MSA... it seems a little disingenuous to purport Columbus is 3x the size of Cincinnati.