@J Scott regarding the veil piercing, since you are in Maryland, you should take a look at the link Ned Carey provided in this BP post: http://www.biggerpockets.com/forums/51/topics/102886-llc-corporate-piercing-casesDifferent states interpret member liability differently.

Also, be careful with your interpretation of this Foreclosure Radar report, it looks and sounds like one instrument is being double reported.

However, keep in mind, a judge may have a different interpretation of the laws than the attorney, which is why all lawsuits are a 50/50 roll of the dice.

@John ThedfordNot an opinion as to whether it's the best use for your money, but.....I interpreted the proposal as substituting collateral only with your approval, obviously a mortgage would have to be done on each property, releases done as released, DOC stamps for the mortgage (.035%), and I would assume you'd require title insurance on each new collateral.  

You'll be surprised at how loosely they interpret "rural".You might want to save your VA benefit for your own home.  

My interpretation is this deal is a poor choice unless there are other variables not mentioned.  

Legalities and the law are like taxes in that there are various interpretations and understandings of the rules.

Now of course there are grey areas where the IRS interprets one way and the accountants and attorneys see it differently.

The good ones are moving from providers of the data to interpreters of the data.

Richard CYes I am, but not in your snide interpretation.