Then the personal property would not be subject to real property depreciation, which defeats the objective.

Kinda would defeat the purpose??

I will cater to buyers or whom ever (to a certain point), but being their puppet on a string, defeats my aspirations of being a wholesaler.

Whether he claimed ownership or just tenancy he would have been entitled to some rights whether time or compensation, defeating that claim is what needs to happen to remove him and not remain open to another potential suit for circumventing the court system.

As you say it defeats the pint of the LLC to have the note in your personal name.

“if you do confirm and then back out or the deal doesn't happen for some reason not due to my negligence -- I'd like to collect at least $350 for the attorney and $400 for me”You defeat this provision by showing up imho.  

Obviously, there are ways to defeat an LLC, which is why I emphasized that it's important to observe all the corporate formalities, as you point out in your article.  

If you are going to pursue any form of investing you can always lose money or become defeated if you go in blindly and take uncalculated risks.

Now you can refi conventional later and get rid of the PMI but you will probably need 20% down which kind of defeats the purpose.

Hopefully though, the Republicans will have what it takes to not defeat themselves, and will actually take back the Senate!