@Tara AdiI am not an attorneyMy experience has been owning a condo as well as building 1,000’s of themIn this instance there was a defect from the common area element that caused damage to the window which would be the responsibility of the HOAThink of it another way, if the roof leaks and destroys your drywall ceiling - are you responsible to replace the drywall?

This is fraught with risk and destroying your personal life / marriage.

Helps with guaranteeing rent but other than that it doesn't help with those NY price points, and if your tenant is destroying your property it doesn't help very much with tenant laws either.

Keeping rates high could destroy capital intensive activities and businesses.

My experience with the FBI  has been for mortgage fraud  Borrowers of mine committing mortgage fraud not with my company but other companies and a big one that was doing sub too deals and ripping rents and never paying on the underlying s they stole millions and 100s of loans went into default causing massive bank loss's and the original sellers getting their credit destroyed..

Biggest risk of seller finance is if the buyer finds bad tenants who don't pay rent and destroy the property, now the buyer can't afford the payments and gives back a distressed building, now the seller has to spend money to fix it up, which could cost more than the down payment he got from the buyer.

In other words, they effectively destroy their LLC because any good lawyer could have it thrown out in court.If you have significant assets that you need to protect, know how to maintain the LLC properly, and are willing to maintain it properly, then it makes sense to me to find an attorney to work with. 

They also destroy the property; possibly even steal the copper.

I've gone through eviction court proceedings, ran thousands of background/credit checks for application, made numerous leases, dealt with repairs and whole house renovations when a few tenants nearly destroyed properties, and worked with property management companies on the HOA units. 

Someone in foreclosure rather destroy the cabinets, pour concrete down the drain, rather destroy their OWN loved house than sell to you AT MARKET VALUE, let alone at a discount.Again, the standard average out there is that you need to send 3000 mailers, calls or texts to get 2 contracts signed IF LUCKY.