This certainly reinforces my belief that investors should have their contracts and agreements 'vetted' by a good real estate attorney familiar with the laws and statutes in their market.

A limited liability company (LLC) is a business structure that is permitted by individual state statutes.

(auction tax sale)Failure for purchaser to pay in Ohio (statute)https://codes.ohio.gov/ohio-revised-code/section-2329.30 

Many states have forms for deeds in their legal section of their statutes or Secretary of state sites. 

Myers who had Home Owners and Flood have not received any Money because Flood says it was Wind Damage and Home Owners says it was Water Damage and our Governor DeSantis change the Statutes and did NOTHING to solve the nightmare of Florida Insurance. 

I don't see how that's very much exposure to a broker though.Bottom line is you need a broker who you can be transparent with who supports what you are trying to do or can point to the statute or provision of why it's prohibited.

Depending on the loan it also may be outside the statute of limitations so it could be a non issueYou will need to review this with your title company

Sec 121 is the statute that deals with your primary residence.  

They were talking about the new laws, and I heard the judge make some comments that leads me to believe that all parties in this business (judges, lawyers, landlords, tenants, local government) are still kind of "flying blind" as there has not been any interpretation of these various provisions in a court yet (case law, I believe it is called), and - not surprisingly - the way these new statutes were written will generate a lot of unintended consequences as well as questions that really no one has answers to.  

MTM) that is true, but there is an AND in the statute language you quoted above.